Gasoline Prices In Serbia

Filling Up This Winter at the local gas station

I’ve been hearing many complaints from Americans about the high price of gasoline in the US. Gasoline averages $3,84 per gallon in April in the US. Experts suspect it will go even higher this summer when the “driving season” comes. President Obama even commissioned a task force to investigate the oil markets to see if there is any price manipulation.

Well, here in Serbia, I would love to pay $4.00 per gallon! The other day I filled up my car and for unleaded, 95 octane, gasoline, the cost was 123 RSD (Republic of Serbia Dinara). 123 RSD is the equivalent of $1.78 US which works out to a whopping $6.74 per gallon!!! Experts in the US are reporting how people are curbing their travel plans or not traveling at all because of the high prices. I wonder what will happen when it reaches Serbian levels.

Europe for a long time has had more expensive gasoline than the US. Public transport here is more accessible and things are closer. Most Serbs I know have only one car, and it usually not the big S.U.V. that Americans drive. I am not that bothered by gasoline prices here because we do not drive much. We live 1 mile from school and seldom venture downtown or across the river for shopping or entertainment. I do feel bad for those people on fixed incomes with long commutes.

I am not sure why gasoline prices are so high in Europe, especially Serbia. I miss those days of living in Venezuela. We lived there from 2002 – 2007 and the government subsidies (photo below of the Venezuelan National Petroleum Company Compound) and exchange rates, made Venezuela to have the cheapest gasoline in the world at 12 US cents per gallon.

PDVSA Natural Gas Headquarters - Anaco, Venezuela

European Gas Prices

Lots of people ask me how much gas costs in Serbia. I took a photo of the meter when we filled up yesterday at Beopetrol gas station in our neighborhood. I put in 50 liters (13 gallons) into Edelweiss and it cost 3,900 Serbian dinars. That comes to $63 at today’s rate of 62 dinars per 1 US dollar. Doing the math then, that comes to $5.80 per gallon. Much higher than anything in the USA! The “dinara” is the plural for the Serbian currency the Dinar.

We don’t buy a lot of gas as we live very close to our school. Most of our driving consists of a weekly trip to New Belgrade for grocery shopping. We are trying to do more on weekends and that will also mean more gas consumption.

To put the $5.80 into perspective, the average gas price in the USA this week is around $1.60. It is about average for Europe with Norway $7.76 being the high and Estonia being the low $4.30. I sure miss the 12 cents / gallon of Venezuela.