Mandatory Credit: Robert Hanashiro-USA TODAY
News: Gas Prices
COLOGNE, Germany (AP) — Around the world, drivers are looking at the numbers on the gas pump and rethinking their habits and finances. Walking, biking, public transport, or going car-free are options for the lucky ones. But for minibus operators in the Philippines or a graphic artist in California with clients to visit, it’s not so simple. Those without access to adequate public transportation or who otherwise can’t forgo their car have little other choice than to grit their teeth and pay. Energy prices fueled by Russia’s war in Ukraine and the global rebound from the COVID-19 pandemic are a key driver of inflation that is rising worldwide.
In Hong Kong and Norway, you can pay more than $10 per gallon. In Germany, it can be around $7.50 per gallon, and in France, about $8. While lower fuel taxes mean the U.S. average for a gallon of gas is somewhat cheaper at $5, it’s still the first time the price has been that high.
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