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Since the price of oils is a commodity it is fixed everywhere around the world, so the difference people worldwide pay at the pump is based primarily upon the taxes imposed by each state or nation. In general the more wealthy the people are of a nation have the higher the taxes imposed upon fuel. The single most blatant exception is the United States where we have by far the lowest tax rate on gasoline of all the developed nations and most developing nations. Fuel is considered a luxury everywhere else except the United States. Currently the United States federal tax for gasoline is $.0184 per gallon vs. for example Germany where the tax is around $3.50 per gallon or about 20 time higher than the U.S. Continue reading →