Global GAS Price$

March 2008 GASOLINE Prices per gallon:

* China - $2.82

* United States - $3.45

* Brazil - $5.94

* United Kingdom - $8.38

* Norway - $8.73

FYI - Retail gasoline prices in China are unnaturally low because China's government subsidizes the (consumer) price of gasoline. That's also why profit margins for China's STATE-owned CRUDE OIL refiners (companies like Sinopec and to a lesser extent, PetroChina) get ExtrAOrdinarily SQUEEZED when oil prices run too high, too quickly.

Data Courtesy: The Wall Street Journal.
Full Disclosure: I own shares of PTR.