Bloomberg produced a list of the world's highest and cheapest gas prices by country two weeks ago. The paper did not give a breakdown of the general components of oil pricing, where I believe oil taxes by governments comprise more than half of the oil retail prices in those countries, especially those in the top 10.
I only copied the top 20 countries with the most expensive oil prices here. Here's the story. http://www.bloomberg.com/slideshow/2012-05-12/highest-cheapest-gas-prices-by-country.html#slide1
Highest and Cheapest Gas Prices by Country
by Tom Randall - May 13, 2012
1. Norway.
Price per gallon of premium gasoline: $9.69
Most expensive gas ranking: #1
Pain at the pump ranking: #48
Norway is unusual in that it's the only major oil producer to have expensive gas. That's because, instead of subsidizing fuel at the pump, the country uses its oil profits for services such as offering free college education and saving for infrastructure improvements.
Norwegians pay the most of any country to fill up their tanks. They absorb these high prices with relative ease. The average daily income is $270. The share of a day's wages needed to buy a gallon of gas is 3.6 percent.
2. Denmark
Price per gallon of premium gasoline: $9.37
Most expensive gas ranking: #2
Pain at the pump ranking: #42
Denmark's high gas prices haven't drastically reduced the country's consumption. Danes still rank among the top quarter of the world's gas gluttons.
They can afford the higher price, with a comfortable pain-at-the-pump ranking of 42 out of 55. The average daily income is $178. The share of a day's wages needed to buy a gallon of gas is 5.3 percent.
3. Italy
Price per gallon of premium gasoline: $9.35
Most expensive gas ranking: #3 (tied with Netherlands)
Pain at the pump ranking: #29
Italy raised gas taxes 24 percent over the past year, triggering some of the highest prices in the world. It has been a shock to the home country of Ferrari and Lamborghini, where car ownership is one of the highest in the world. Auto sales fell more than 20 percent in the first quarter compared with a year earlier.
The austerity measures introduced by Prime Minister Mario Monti's government have pushed Italian gas prices up more than the EU average, with a 9.4 percent increase in 2012 alone. The average daily income in Italy is $103. The share of a day's wages needed to buy a gallon of gas is 9.1 percent.
4. Netherlands
Price per gallon of premium gasoline: $9.35
Most expensive gas ranking: #3 (tied with Italy)
Pain at the pump ranking: #37
The Netherlands has the most bicycles per capita in the world. Rows upon rows of them stand at train stations, museums and national parks. A vast infrastructure of bike paths and lanes, tunnels and traffic signals makes cycling easy to adopt.
The bike-loving Dutch feel more pain at the pump than their Scandinavian neighbors when they do drive. The average daily income in the Netherlands is $144. The share of a day's wages needed to buy a gallon of gas is 6.5 percent.
5. Greece
Price per gallon of premium gasoline: $9.23
Most expensive gas ranking: #5
Pain at the pump ranking: #23
The financial crisis in Greece has only exacerbated the high price of gas and its impact on consumers' wallets. Greece's gas prices are higher than the EU average, rising 11 percent this year.
The average Greek earns $75 a day. The share of a day's wages needed to buy a gallon of gas is 12 percent.
