Here are the current average gas prices for the US and EU:

US average gas prices:
Regular gas: $2.50 per gallon
Premium gas: $3.20 per gallon
Diesel: $3.10 per gallon

EU average gas prices:
Regular gas: $5.50 per gallon (€4.80 per liter)
Premium gas: $6.20 per gallon (€5.50 per liter)
Diesel: $5.80 per gallon (€5.20 per liter)

The main reasons for the price differences are:
- The US has larger domestic oil production and reserves, making gas cheaper to source
- The US has lower gas taxes compared to most EU countries which add to the retail price of gas
- The US dollar is weaker compared to the Euro, so gas prices appear more expensive for EU consumers when converted

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