Gallon of gas costs 20% of daily income in Colombia

[Judi Lynn]

Gallon of gas costs 20% of daily income in Colombia
posted by Daniel Freeman
Sep 14, 2013

A Bloomberg survey of 61 countries across the world showed that drivers in Colombia pay a higher percentage of their daily wage for gasoline than all other Latin American drivers.

According to a Bloomberg ranking released September 3, Colombia is ranked 12th in the world for the price of a gallon of gas as a percentage of an average daily wage.

The calculation showed that a gallon of gas costs 20% of the average Colombian’s daily income.

~snip~
Bloomberg explained that the price list was created with legitimate data gathered from sources such as the Associates for International Research Inc., Europe’s Energy Portal, the Energy Information Administration of the United States, the International Monetary Fund and the World Bank.

http://colombiareports.co/gallon-gas-costs-20-days-income-colombia/

[Socialistlemur]

1. It's an excellent policy to tax gasoline to stop global warming

One thing I'll never understand is why some people get upset when gasoline costs more. It has to be taxed so it discourages consumption and helps renewables take hold. The key for Colombia would be to copy Brazil and encourage renewables such as ethanol from sugar cane.

[Bacchus4.0]

2. poor people don't have cars so don't buy gas

In a place like Venezuela, low prices are a subsidy for the better off . Venezuela is full of American gas guzzlers.