Cheapest Gasoline in Europe | Countries with Cheapest Gas Price

Many European nations tax gasoline heavily, with taxes making up as much as 75 percent of the cost of a gallon of gasoline. In Europe soaring petrol prices become a new normal. Across the continent, the war in Ukraine has seen petrol and diesel prices rise - and it is likely to get a lot worse. Russia’s unprovoked Ukraine invasion since 24 February has seen global oil prices soar amid concerns over the reliability of supplies. The price per barrel of Brent crude - the most common way of measuring the UK's oil price, reached $139 dollars , its highest in 14 years. Elsewhere in Europe, the problems are the same. Numerous energy-intensive companies have slowed down their production due to the disproportionate increase in energy costs. It is clear that the higher costs, unfortunately, will filter to the consumer who will find it a double drain: the doubling of bills will increase the cost of numerous foodstuffs on the shelves. Russia is the world's largest oil exporter, sending more than seven million barrels of crude oil to countries around the world, including to Germany and other EU. Its most important oil export partners are China, the Netherlands, Germany, South Korea, and Poland, while the UK and US reliance on Russian oil was less pronounced even before the invasion.The question now is to what extent the economic sanctions will stand in the way of Putin’s ambitions while also sowing mayhem across energy markets. It is the biggest challenge for the EU, where 45 percent of the gas came from Russia in 2021. Russia was also Europe's largest supplier of oil at 27 percent, three times more than Norway. In this video we show a graph representation of the oil prices across all European countries. .