Wednesday, February 23, 2011

Report: A Look at the Average Fuel Prices in Europe and the USA in February 2011


Without doubt, American drivers are feeling the pinch at the gas pump again as fuel prices have recently surged well past the $3 per gallon mark, recording a 20 per cent increase in the past year. According to the U.S. Energy information Administration, the nationwide average in America on February 21, 2011 was $3.19 for a gallon of regular gasoline (�compared to $2.66 the same day a year ago.

Nevertheless, that's nothing compared to Europe where motorists paid between $6.21 and $9.08 per gallon in mid-February, 2011, according to data from the European Road Information Centre. The countries with the cheapest unleaded gasoline were Latvia at $6.21 per gallon or �1.19 per liter, and Bulgaria and Estonia, both at $6.28 per gallon or �1.20 per liter.

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