You can be on Entrepreneur’s cover!

Here's How High Gas Prices Are Around the World See where gas prices are the highest and the lowest, and how governments are intervening.

By Amanda Breen

entrepreneur daily

Although gas prices have been slowly (and slightly) dropping, drivers across the U.S. have still been shocked by sticker prices at the pump, with the national average clocking in at $4.68 per gallon this morning, per AAA. The West Coast has seen particularly high prices, with California and Oregon hitting $6.09 and $5.40 per gallon, respectively.

But how do fuel prices in other countries compare?

If you think prices in the U.S. are high, The Washington Post's foreign correspondents are about to really shock you. Plus, they provide a look at what some governments are doing to intervene.

Related: DoorDash is Paying Back Drivers to Offset Gas Prices -- Without Charging Customers

France and Berlin boast some of the highest prices per gallon in the sample, at $8.11 and $7.46 per gallon, respectively. In France, drivers are eligible for a rebate covering less than 10% of the overall cost; in Germany, the government has reduced fuel taxes and increased funding for public transportation.

Gas prices in South Korea come in close behind those in France and Germany, at $6.33 per gallon. Despite the government's reduction of the fuel tax, prices continue to rise.

In the United Arab Emirates and South Africa, where there's been no government intervention amid soaring fuel prices, gas is $4.15 and $5.61 per gallon, respectively. In the United Arab Emirates, citizens who can afford to are increasingly turning to electric cars and rentals.

In Bogotá, Colombia, gas is currently just $2.17 per gallon, and is subsidized by the government. But that fund is now facing a deficit of approximately $3 billion, and the government has stated that it will have to raise gas prices by a few cents per month.

Related: Are Gas Prices Still Going Up? When Will Gas Prices Go Down?

The federal gas tax in the U.S. has been set at 18.4 cents a gallon since 1993. Last month, President Biden called on Congress to suspend the federal gas tax for three months (through September) and is urging states to provide direct relief as well.

Amanda Breen

Entrepreneur Staff

Senior Features Writer

Amanda Breen is a senior features writer at Entrepreneur.com. She is a graduate of Barnard College and received an MFA in writing at Columbia University, where she was a news fellow for the School of the Arts.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Leadership

You Won't Have a Strong Leadership Presence Until You Master These 5 Attributes

If you are a poor leader internally, you will be a poor leader externally.

Business News

Reddit Traffic Nearly Triples in 8 Months, Posts Rise to the Top of Google Search

Reddit posts are now as visible in Google Search as Instagram results.

Starting a Business

Need Something Fast? These Entrepreneurs Created a Fleet of Self-Driving 'Stores on Wheels' That You Can Hail With the Tap of a Button.

Robomart co-founders Emad Suhail Rahim, Tigran Shahverdyan and Ali Ahmed explain how they got their big idea rolling.

Business Solutions

Increase Output with AI Text and Speech for $35

Lock in a relentless tool for life at a rate that's marked down by 80%.

Starting a Business

These Are The 5 Critical Factors to Consider Before You Buy Your Franchise

It's a lot easier to leave a bad job than the wrong franchise. To determine which opportunity is right, you have major research and interviewing ahead.

Growing a Business

The Simple Thing That the Owners of This Pizza Spot Do Every Day That Put Them on Yelp's Top 100 List Three Years in a Row

Alessandro Farrugio and his family are pizza restaurant experts, having been in the business for over four decades. Learn how they built their Yelp-acclaimed establishment by investing in authentic food and quality service.