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At $8.54 a gallon, our gas prices are among the world’s highest

If you’ve filled up your tank in the last couple of days, then you have probably noticed gas has gotten even more expensive here in Bermuda.

What you might not realise though is that we’re now paying one of the highest prices in the world for it.

The price of a regular litre of gasoline went up 4.2 cents this month to 215.90 cents that’s about $2.16 a litre ($8.54 per gallon) making Bermuda one of the most expensive places in the world when it comes to the price of gas.

We often hear Americans on the news bemoan the cost of gasoline at the pumps.

But their average price of about $3.90 a gallon (just over $1.02 a litre) is nothing compared to what we, and others in the world, are paying.

While Europe is long known for having some of the highest gas prices in the world, the price here in Bermuda is not far off.

In fact, if Bermuda were in Europe, our $2.15 a litre would make us the tenth most expensive in the whole of the European Union.

Italy tops the list at the equivalent of $2.46 a litre.

In ninth place is Ireland at $2.18 and rounding out the top ten for Europe is Slovakia at $2.03 a litre 13 cents cheaper than what we’re paying here.

Some may say it’s the price we pay for living on an island.

However, the cost at the pump in Bermuda is the highest in the Caribbean and nearly 28 percent more than the next most expensive country.

Not to mention 213 percent more than the cheapest nation in the region.

The average price for a litre of regular gasoline in the Cayman Islands is $1.69 and in Trinidad and Tobago, it’s $0.69 a litre.

The cheapest places to buy gas in the world?

No surprise, they’re all in oil producing nations: in Venezuela and mostly countries in the Middle East.

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Published March 26, 2012 at 2:00 am (Updated March 26, 2012 at 9:44 am)

At $8.54 a gallon, our gas prices are among the world’s highest

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