How Much Of Your Paycheck Does Gas Guzzle?

December 9th, 2014
in News, econ_news, syndication

from Felix Richter,
by Niall McCarthy

How much of your paycheck goes into your gas tank?

Follow up:

If you live in South Africa, you're going to have the most pain at the pumps. Despite a gallon of gas costing $4.65 per gallon, South Africans spend over 5 percent of their annual income filling up. Cyprus and Mexico come second and third with 3.6 and 3.4 percent respectively.

Norway has the highest gas prices in the world by a considerable distance at a whopping $9.26 per gallon but a Norwegian only spends 0.66 percent of his/her annual income at the gas station. What about the United States? About 2.3 percent of an American's average annual income is spent on gasoline, 12th overall. Generally, gas prices have fallen steadily around the world, 7.2 percent in the past six months alone, due to an unprecedented oil boom in North America.

This chart shows the percentage of annual income spent on gasoline by country in 2014.

Infographic: How Much Of Your Paycheck Does Gas Guzzle? | Statista
You will find more statistics at Statista


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved