While we’ve all been marveling at the recent low gas prices, one thing that’s been overlooked is that, in a global sense, gas in the U.S. fuel has been cheap for years. Comparatively speaking.
On a list of world gas prices, America ranks towards the bottom, as seen in the chart below. Why? Citylab tackles that question and the answer is gas taxes. Didn’t see that coming since we complain about how high Washington gas taxes are all the time, did you?