Car drivers from Beijing to Mumbai aren’t getting the same benefit from oil’s plunge as peers in Phoenix or Boston. Meanwhile, Asian governments are getting more bang for their buck. The CHART OF THE DAY compares the price decline of Brent crude with retail gasoline costs in the U.S. and much of Asia. Oil’s slide of about 55 percent since the start of June is most closely followed by the 44 percent drop at American gas stations. Pump prices in Taiwan and Thailand fell the most in Asia, more than 30 percent, with India and Japan seeing about half those declines, data compiled by Bloomberg show. Consumers in some Asian nations that subsidize fuel costs are missing out on the full benefit of crude’s slump enjoyed at pumps in the U.S., as governments use cheaper purchases as a chance to cut subsidies and bolster state budgets. The […]