Korea Feeling the Pain of High Oil Prices as Well

Americans aren’t the only ones feeling the effects of high oil prices.  Korea is feeling the pain too:

Already, some people have turned to stealing gasoline, and increasing numbers of cars at apartment complexes have stayed parked for several weeks. More and more truck drivers are locking their oil tanks to keep thieves from stealing their gasoline. Agricultural and fishing villages are suffering, too. Farmers with greenhouses are finding them difficult to heat. They have access to tax-free fuel, but even that is getting more expensive as crude prices skyrocket. Tax-free oil was priced at W79,240 (US $79) a 200¿ drum in January last year. It surpassed the W100,000 mark last October and is expected to be priced at W104,260 this May.

High fuel prices are a big issue in America right now, but I can’t help but think how much more expensive oil is in other countries like Korea where they are paying approximately $2 more a gallon than people in the US.  In a large country similar in size to the US, Australia they pay about $4.50 a gallon there.  So the next time you fill up in the US, just keep in mind it could be worse.