As of March 16, the price of Brent crude oil is trending around $98 per barrel. WTI crude is a bit less at approximately $95.50. Both are significantly down from record highs over $130 a barrel just a week ago. Gas prices haven't fallen in the same manner, with the US Energy Information Administration showing a jump of 71 cents over the last two weeks. Drivers in the United States are paying an average of $4.31 per gallon for regular unleaded.
Gas prices in the States are indeed at record highs, but how does that compare to prices in other parts of the world? A quick look at globalpetrolprices.com offers insight into the current state of fuel costs from all corners of the world. The website collects data from multiple independent sources in each country to provide a weekly average for most areas. Since we can't verify those specific sources, it's possible the data could vary slightly from information posted elsewhere.
