oil produced by Opec and other countries like venzuela, does US get to buy at lower price than say India/china

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I was wondering that US buys in bulk say from Saudi, how does the pricing system work.
Gas prices in Japan and Uk are so much higher, why

2006-09-18 17:25:03 · 1 answers · asked by artimouse2000 1 in Business & Finance ➔ Other - Business & Finance

Price of oil is a world market price.

UK (all of Europe) & Japan have MUCH higher taxes on gas than US.

2006-09-18 18:19:37 · answer #1 · answered by Zak 5 · 0⤊ 0⤋