The price of a gallon of gas across the world, a measure of economic health?

November 7, 2005

I saw this table in a report from J.P. Morgan and I just had to post
it, judge for yourself the list which is separated into two groups: Oil
exporting countries and oil importing countries.Except for a couple of
exceptions, there seems to be an inverse relationshop between the
economic health of each country and the price of a gallon of gas

Oil Exporters

US$/gal

 

 

Venezuela

0.16

Iran

0.26

Nigeria

0.76

Qatar

0.78

Algeria

0.83

Saudi Arabia

0.91

Oman

1.17

Ecuador

1.45

Russia

2.27

Argentina

2.65

Mexico

2.65

Malaysia

2.76

Colombia

3.00

 

 

Oil Importers

 

 

 

Indonesia

1.73

China

2.04

Thailand

2.16

Philippines

2.23

Bulgaria

3.07

Brazil

3.57

South Africa

3.57

Peru

4.00

India

4.09

Chile

4.54

Korea

5.34

Turkey

7.95

This entry was posted on November 7, 2005 at 8:15 pm and is filed under Venezuela.

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