The US is the world’s biggest exporter of diamonds and petrol, but its gasoline prices are among the world most expensive.
US petrol is about $3.20 per litre (about 10 US cents), while Australia’s is $1.50 per litres (about 9 cents).
The average US household has about 8,000 litres (1,000 gallons) of petrol, according to US Census data.
But the US is not the only country to have an expensive petrol habit.
In the UK, petrol is $3 a litre, while in France, it’s $2.50.
And in Australia, it is $2 a litres.
“Australia is the most expensive place in the world to buy petrol,” said Matthew Rigney, an energy analyst at the Energy Policy Institute, a think tank in Washington DC.
“We have a problem with fuel prices, and the way petrol is sold is not sustainable.”
The cheapest petrol on the market in the US comes from US refineries.
But it is not just US refiners that are struggling to compete.
“The US is a small country with a small refinery and we are not really able to compete,” said Rignay.
“Our refineries are producing a lot of gasoline.
They are in competition with other countries.”
In the past few years, refineries in China, Brazil, India, and Vietnam have shut down.
“If you look at the global supply of gasoline, we have a huge shortage of gasoline,” Rignes said.
“And we are going to have to import more gasoline to fill that gap.”
The US’ gasoline woes are a problem for other major exporters, including China, India and the US, but they are also a sign of a changing market.
China’s oil industry has been under pressure for years due to falling demand, low crude prices and a weakening yuan.
But after a slump in global crude prices from 2009 to 2015, China’s economy started growing again in the first half of this year.
Meanwhile, India’s oil and gas sector has been in decline since 2016.
“There’s a lot going on in the energy sector,” Riquet said.
In 2016, US refiner Phillips 66 started selling diesel fuel in the states of Texas, Alabama, Mississippi, and Tennessee, as well as in Oklahoma and Oklahoma City.
This has been going on for about a year now, Rigns said.
He said the fuel prices are “very competitive” and the fuel is cheap compared to other brands of gasoline and diesel.
“You get the gasoline at a very competitive price and the diesel has very low costs,” he said.
China has been a long-time supporter of the US oil industry.
In 2015, the country sent a delegation of senior executives to Washington DC to lobby President Donald Trump.
At the time, China was considering opening up its oil industry to foreign investment.
However, Riquets said China is still in the process of deciding what to do about its oil sector.
“In general, we still have a long way to go,” he added.
“As we start to see the impact of climate change and as we start seeing the impacts of the refinery shutdowns and the refinery shutdowns and the lack of refineries, the impact is going to be really bad.”