Vietnam Global Gas Prices
People wait for gas pump in Hanoi, Vietnam Sunday, June 19, 2022. Across the globe, drivers are rethinking their habits and personal finances amid skyrocketing prices for gasoline and diesel, fueled by Russia's war in Ukraine and the global rebound from the COVID-19 pandemic. Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.(AP Photo/Hau Dinh)

How much for gas? Around the world, pain is felt at the pump


At a gas station near the Cologne, Germany, airport, Bernd Mueller watches the digits quickly climb on the pump: 22 euros ($23), 23 euros, 24 euros. The numbers showing how much gasoline he’s getting rise, too. But much more slowly. Painfully slowly.

“I’m getting rid of my car this October, November,” said Mueller, 80. “I’m retired, and then there’s gas and all that. At some point, you’ve got to scale back.”

Across the globe, drivers like Mueller are rethinking their habits and personal finances amid skyrocketing prices for gasoline and diesel, fueled by Russia's war in Ukraine and the global rebound from the COVID-19 pandemic. Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.

A motorcycle taxi driver in Vietnam turns off his ride-hailing app rather than burn precious fuel during rush-hour backups. A French family scales back ambitions for an August vacation. A graphic designer in California factors the gas price into the bill for a night out. A mom in Rome, figuring the cost of driving her son to camp, mentally crosses off a pizza night.

Decisions across the world’s economy are as varied as the consumers and countries themselves: Walk more. Dust off that bicycle. Take the subway, the train or the bus. Use a lighter touch on the gas pedal to save fuel. Review that road trip — is it worth it? Or perhaps even go carless.

For the untold millions who don’t have access to adequate public transportation or otherwise can’t forgo their car, the solution is to grit their teeth and pay while cutting costs elsewhere.

Nguyen Trong Tuyen, a motorcycle taxi driver working for the Grab online ride-hailing service in Hanoi, Vietnam, said he’s been simply switching off the app during rush hour.

“If I get stuck in a traffic jam, the ride fee won’t cover the gasoline cost for the trip,” he said.

Many drivers have been halting their services like Tuyen, making it difficult for customers to book rides.

In Manila, Ronald Sibeyee used to burn 900 pesos ($16.83) worth of diesel a day to run his jeepney, a colorfully decorated vehicle popular for public transportation in the Philippines that evolved from U.S. military jeeps left behind after World War II. Now, it’s as much as 2,200 pesos ($41.40).

“That should have been our income already. Now there’s nothing, or whatever is left,” he said. His income has fallen about 40% due to the fuel price hikes.

Gasoline and diesel prices are a complex equation of the cost of crude oil, taxes, the purchasing power and wealth of individual countries, government subsidies where they exist, and the cut taken by middlemen such as refineries. Oil is priced in dollars, so if a country is an energy importer, the exchange rate plays a role — the recently weaker euro has helped push up gasoline prices in Europe.

And there’s often geopolitical factors, such as the war in Ukraine. Buyers shunning Russian barrels and Western plans to ban the country's oil have jolted energy markets already facing tight supplies from the rapid pandemic rebound.

There's a global oil price — around $110 a barrel — but no global pump price due to taxes and other factors. 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.

People in poorer countries quickly feel the stress from higher energy prices, but Europeans and Americans also are being squeezed. Americans have less access to public transport, and even Europe's transit networks don't reach everyone, particularly those in the countryside.

Charles Dupont, manager of a clothing store in Essonne region south of Paris, simply has to use his car to commute to work.

“I practice eco-driving, meaning driving slower and avoiding sudden braking,” he said.

Others are doing what they can to cut back. Letizia Cecinelli, filling her car at a Rome gas station, said she was biking and trying to reduce car trips “where possible.”

“But if I have a kid and I have to take him to camp? I have to do it by cutting out an extra pizza,” she said.

Pump prices can be political dynamite. U.S. President Joe Biden has pushed for Saudi Arabia to pump more oil to help bring down gas prices, deciding to travel to the kingdom next month after the Saudi-led OPEC+ alliance decided to boost production. The U.S. and other countries also have released oil from their strategic reserves, which helps but isn’t decisive.

Several countries have fuel price caps, including Hungary, where the discount doesn't apply to foreign license plates. In Germany, the government cut taxes by 35 euro cents a liter on gasoline and 17 cents on diesel, but prices soon began to rise again.

Germany also has introduced a discounted 9-euro monthly ticket for public transportation, which led to crowded stations and trains on a recent holiday weekend. But the program only lasts for three months and is of little use to people in the countryside if there’s no train station nearby.

In fact, people are pumping just as much gas as they did before the pandemic, according to Germany’s gas station association.

“People are filling up just as much as before — they’re grumbling but they’re accepting it,” group spokesman Herbert Rabl said.

Is there any relief in sight? A lot depends on how the war in Ukraine affects global oil markets. Analysts say some Russian oil is almost certain to be lost to markets because the European Union, Russia's biggest and closest customer, has vowed to end most purchases from Moscow within six months.

Meanwhile, India and China are buying more Russian oil. Europe will have to get its supply from somewhere else, such as Middle Eastern exporters. But OPEC+, which includes Russia, has been failing to meet its production targets.

For many, spending on things like nights out and, in Europe, the near-religious devotion to extended late summer vacations, are on the cutting table.

Isabelle Bruno, a teacher in the Paris suburbs, now takes the bus to the train station instead of making the 10-minute drive.

“My husband and I are really worried about the holidays because we used to drive our car really often while visiting our family in southern France," she said. “We will now pay attention to train tickets and use our car only for short rides."

Leo Theus, a graphic designer from the San Francisco Bay Area city of Hayward, has to be “strategic” in budgeting gas as he heads to meet clients — he might not fill the tank all the way. Gas prices in California are the highest in the U.S., reaching close to $7 per gallon in some parts of the state.

When it comes to going to a club or bar after work, “you’ve got to think about gas now, you got to decide, is it really worth it to go out there or not?” Theus said.

Corona reported from Rome, Le Deley from Paris, and Dinh from Hanoi, Vietnam. AP reporters Joeal Calupitan in Manila, Philippines, and Terry Chea in Oakland, California, contributed.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

©2022 GPlusMedia Inc.

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I payed about 5 dollars a gallon for some Plus,not a cheap gas

-4 ( +0 / -4 )

The average price of gasoline around the world is 5.50 U.S. Dollar per us gallon.

2 ( +3 / -1 )

pay for your "western values" dearly.this is top of iceberg.

next in line gas,than minerals than food...all because of some kind of "smart leadership" in some countries...lets hope JPN will not end completely under US influence...

btw do you know about prices of fuel in China,Russia or say India?

no drama but yes...they are "bad guys"...right?

or they are just dont need to be "mentioned" as does not fit in your narrative - right?

0 ( +3 / -3 )

Not as much as the Russians are going to pay for their "values".

Sure, we pay up front and it hurts.

Sure, Vald has so far managed to prop-up his gasoline stand pretending to be a country's economy.

That won't last. Russia's economy cut off from SWIFT (mostly), financing, and markets will contract drastically. Maybe not as fast as we had hoped but it is a plane without engines running out of altitude.

The sanctions will talk hold given time. And not for nothing, our values, you know - Democracy, freedom of speech, the right to live within our borders without the threat of invasion on a BS excuse, that kind of thing - are superior.

Vlad thinks the West is weak because we like choice and are relatively slow to action. Several dictators (Hitler, Stalin, Kim, Mao, Saddam, etc, etc, etc) have made the same mistaken judgment.

Let's show him how wrong he is.

2 ( +5 / -3 )


Values don't put food on the table or drive us to work. This is a NATO-Russia proxy war because one side expanded right to the others border, refusing to negotiate, and the other side was not bluffing.

0 ( +4 / -4 )

Gas watch in the U.S. continues.

Overnight gasoline futures extended losses toward $3.7 per gallon, the lowest in nearly a month. Gas futures are currently trading around 3.7178, down 2.12%. Uncertainty is the name of the game today, as the U.S. president is widely expected to announce a temporary suspension of the 18.4 cents per gallon federal tax on gasoline shortly. Headwind over news that gasoline stocks in the US likely fell 0.6 million barrels last week, the 12th straight week of falls, just at the start of the (normally busy) summer travel season. The wide fear is that rising gas prices combined with rising prices in all sectors will make all forms of travel more expensive, resulting in consumers delaying and cancelling vacation and travel plans. Thus adversly affecting the spending portion of the economy through 3Q 2022. Analysts predict that this spending, when adjusted for inflation, will not fully recover to pre-pandemic levels until 2023.

Have a good day.

0 ( +0 / -0 )

What is really upsetting is that, in many countries including Japan, a significant % of gasoline and other fuels prices are taxes. At least give the citizens a break on that! That’s 100% controllable and would go a long way to help.

3 ( +3 / -0 )

Much about the global gas shortage is a pack of lies!

We are being played!

Take the example below. It might be relevant in Japan or Korea but Vietnam has 4.4 billion barrels of oil in their reserves!There is no shortage there so why are prices rising-manipulation?

Nguyen Trong Tuyen, a motorcycle taxi driver working for the Grab online ride-hailing service in Hanoi, Vietnam, said he’s been simply switching off the app during rush hour.

“If I get stuck in a traffic jam, the ride fee won’t cover the gasoline cost for the trip,” he said.


0 ( +0 / -0 )

The other part is the speculation and profiteering by the oil companies.

-2 ( +0 / -2 )

The cheapest gasoline in Canada is now C$1.91/l while in Tokyo it is only C$1.65/l.

Canada's feckless leader has remorselessly piled on tax after tax on gasoline only to learn that demand is inelastic and people are slashing spending on other good and services to pay for gasoline.

The high price of gasoline in Canada is likely to force a lot of restaurants and barbers to go bankrupt.

0 ( +0 / -0 )

Governments want to reduce emissions, which is never going to be fun. They have locked us in our homes, banned and restricted holidays, and now they have hugely increased the price of fuel (which increases the price of everything else).

All this does restrict emissions, but nothing loses you votes like inflation. Pointing at Ukraine and pretending to be at war by proxy won't cut it. Inflation is the ultimate vote loser. You can keep it low quite easily, but once you hike it up, it will spiral. Strikes and shortages follow, and then the economy buckles. A pro-inflation policy, whatever the reason, is political suicide.

0 ( +0 / -0 )

Here is a list of gas taxes by nation. For the US the Federal gas tax is $0.184 per gallon. A gas tax holiday in the US would do very little to reduce the price of gas at the pump and even if such a holiday were passed by Congress there is no way for Congress to force oil refiners and gas stations to reduce their prices by the amount of the gas tax reduction. Those independent actors may very well decide to keep their prices the same and pocket the savings themselves.

0 ( +0 / -0 )

Hope it doubles in price. Sick of the disgustingly huge monster cars people drive these days.

0 ( +0 / -0 )

Petrol is A$2.15/L (JP ¥202/l, US$1.48/l) here at my local in Australia for the cheapest 91-octane. And this is with 20 cents/L excise tax temporarily suspended by the government!

Good incentive to drive less if you are able to do so.

1 ( +1 / -0 )

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