"The U.S. ranked 49th of 60 countries, according to data compiled by Bloomberg, with premium gasoline at $3.75 a gallon on July 23, compared with $10.12 in top-ranked Norway. The U.S. price was behind Japan, China and India, a country where people made 2.9 percent of what Americans earn.
Drivers in America, the biggest oil-consuming country, spend an average of 2.8 percent of their daily income on a gallon of gasoline, 55th in the ranking. In India, a gallon of premium gasoline cost 37 percent more than what a worker earned in one day. In Norway, which has the second-highest income behind Luxembourg in the list, a gallon cost 3.7 percent of a day’s wages. U.S. prices dropped 11 percent from three months earlier as domestic oil production reached a 13-year high.
“One of the reasons that Americans are able to use so much gasoline is because it’s relatively cheap,” said Peter Schiff, chief executive officer of Westport, Connecticut-based brokerage Euro Pacific Capital, which has $3 billion in customer accounts. “A lot of Americans commute long distance to work. In a lot of other countries gas is a luxury and they maybe just take the car out for a drive on a Sunday.”"
Obama's attempts to reinstitute slavery and the existence of the socialist security cancer will only aid in the diminution of the country.
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