Posted on 03/18/2022 4:13:48 AM PDT by blam
Residents of Greece would have had to pay approximately six percent of their average monthly wage for a full tank of gas this past Monday due to the price hike connected to Russia’s continued invasion of Ukraine. As Statista’s Florian Zandft details below, this is the highest figure among all OECD countries.
Even with the United States seeing record highs of more than $4 per gallon last week, the nation still comes in last in terms of the average monthly wage share needed for a full refueling as Statista’s chart shows.
You will find more infographics at Statista
According to combined data from the OECD and GlobalPetrolPrices.com, Americans had to pay 1.2 percent of the country’s average monthly wage for 16 gallons of gasoline at the pumps. While their northern neighbor Canada falls into the same bracket with 1.9 percent, their North American Free Trade Agreement partner Mexico had one of the highest shares of average monthly income needed to fill up a 60-litres or 16-gallon tank at 4.8 percent.
This disparity can be partly explained by the general state of wealth and the labor markets in the corresponding countries as well as their ability to produce fuel themselves as is the case for Canada and the United States.
So while inhabitants of Denmark had to pay an average of $2.4 per litre of Octane 95 at the pump on March 7, a full tank would only amount to about three percent of the average monthly wage of roughly $4,900. Greek motorists, on the other hand, had to contend with $2.1 per litre at the pumps against an average monthly income of $2,267.
Crossing Greece or Denmark is a short trip. Some Americans have commutes that are longer!
All topped off and nowhere to go.
I'm reminded of a conversation I had with an Englishman here on FR years ago. He was telling me how wonderfully large Great Britian is....610 miles from one end to the other, he said.
I told him that it reminds me of the sign on I-10 at he the Sabine River .going west, entering Texas, it says, El Pasco 857 miles. I told him when one gets to El Paso, you're still in Texas. I never heard from him again.
Thank you!!
Can’t believe nobody is selling those yet...
That pic needs a nuclear mushroom cloud next to it
Wait until the NEXT phase:
“Empty tank - and empty wallet”
THAT is what they’re driving for..
Expect one shortly for Chairman Xi.
It’s what 81 million people voted for because we know the election wasn’t rigged huh.
I stayed for a while and came back right before the the Chinese released their virus. It was a great place and I planned to go back and stay for a few months and look for business opportunities in the growing manufacturing sector near the ports of Pireas. When looking at the reality of why their economy stinks it is 100% because of marxist liberal policies. They have done everything to make sure you can’t run a business. Taxes are incredible. And they still haven’t recovered from the olympics in 2004. And the invaders are horrible.
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