A latest analysis on gas expenditures around the world composed by Bloomberg says that Americans spend an average 2.5 percent of their daily income on one gallon of gasoline but use 31 percent more gasoline than anyone else around the world.
The data compiled by Bloomberg shows that the U.S. is among the very few countries that gets gas cheap compared to countries like Turkey, which spends $9.98 a gallon. Average price for each gallon in the United States is $3.52, which accounts for 2.5 percent of Americans' daily wage.
It pays the highest cost to keep the fuel cost low for the citizens. Only 5 countries below the United States pay lesser for the fuel.
People in Venezuela are the ones who pay the least for one gallon of gas, just $0.04/ gallon, which is less than what Arabs would pay - $0.45.
The nation wise data compiled by Bloomberg includes prices for gasoline per gallon or liter for 60 nations. The prices for the United States and European Union countries are from April 16, while for other countries from April 4-12.
While American pay 2.5 percent of their daily wage to buy a gallon of gas, India tops in that category with people paying 16 percent more than their daily wages. Pakistan trails in the second position paying 10 percent more than their daily wage for one gallon of gas, despite the price of one gallon of gas being $3.95.
Another category included in the Bloomberg data is the annual income spent on gas purchases. People in South Africa seem to have been spending 4.6 percent of their annual income on gas purchase, almost one percent more than what Americans spend. With the cheapest gas prices in Venezuela, people there spend only 0.05 percent of their annual income on gas, costing them 0.13 percent of their daily wages to buy one gallon of gas.
The data showing the average prices of gas, earnings needed to buy a gallon of gas and annual income spent on gas is updated once in every three months.
