What country has highest gas prices?

Gasoline prices, Octane-95, 28-Nov-2022: The average price of gasoline around the world is 1.30 U.S. Dollar per litre. However, there is substantial difference in these prices among countries. As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices. One notable exception is the U.S. which is an economically advanced country but has low gas prices. The differences in prices across countries are due to the various taxes and subsidies for gasoline. All countries have access to the same petroleum prices of international markets but then decide to impose different taxes. As a result, the retail price of gasoline is different. Read our fuel price primer to understand fuel price differences across countries and over time. Use the drop menu to see the prices in gallons.

Gasoline prices, 28-Nov-2022
(litre, U.S. Dollar)

Note: The prices for the countries with a * are updated weekly. The data for the remaining countries are updated monthly.

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

(The Hill) — It’s likely cold comfort for U.S. drivers paying more at the pump, but even with gas costs rising above $4 per gallon across the country, U.S. drivers are paying less than their counterparts in a number of countries.

The average price around the world for a gallon of gas stands at $5.06, quite a bit higher than what many Americans are paying.

There are a number of reasons for the differences, including taxes, a lack of refineries in some countries and other issues.

Here are the five countries with the highest gas prices, according to the website Global Petrol Prices.

Note: The U.S. average national price per gallon of gas is currently $4.11, per transportation company AAA.

Hong Kong

The special administrative regional city near China’s mainland is at the top of the list with an average price of $10.87 per gallon of gas.

Biden vows to combat inflation, some lawmakers worry

Hong Kong has high gas taxes and it’s also expensive to open a gas station in the semiautonomous city because of land costs.

TOP STORIES

• Police chase ends in manhunt near Plaza Bonita mall

• Teen arrested after stabbing of 16-year-old girl

• Sign: ‘Do not buy that house before talking to me’

Notably, mainland China has an average price of $5.77 per gallon.

Central African Republic

The African nation bordering Chad and Sudan has a price significantly cheaper than Hong Kong’s, but it’s still high with an average price of $9.34 per gallon.

Monaco

The European country bordering France has an average price of $9.23 per gallon of gas.

Russia, the world’s third-largest oil producer, is the largest supplier of European gas. The war in Ukraine has led to soaring prices across the continent.

After sanctions were placed on Russia, Putin demanded European countries pay in the Russian rouble for gas, which raised fuel prices in Europe by 7 to 10 percent, according to Reuters.

Norway

The Scandinavian nation is just below Monaco with an average price of $9.15 per gallon of gas.

Norway is a major oil producer, but European countries also have higher gas taxes, raising prices at the pump.

It’s likely cold comfort for Americans paying more at the pump, but even with gas costs rising above $4 per gallon across the country, U.S. drivers are paying less than their counterparts in a number of countries.

The average price around the world for a gallon of gas stands at $5.06, quite a bit higher than what many Americans are paying.

There are a number of reasons for the differences, including taxes, a lack of refineries in some nations and other issues.

Here are the five countries with the highest gas prices, according to the website Global Petrol Prices.

Note: The U.S. average national price per gallon of gas is currently $4.11, as reported by transportation company AAA.

Hong Kong

The special administrative regional city near China’s mainland is at the top of the list with an average price of $10.87 per gallon of gas.

Hong Kong has high gas taxes, and it’s also expensive to open a gas station in the semiautonomous city because of land costs.

Notably, mainland China has an average price of $5.77 per gallon.

Central African Republic

The African nation bordering Chad and Sudan has a price significantly cheaper than Hong Kong’s, but it’s still high, with an average price of $9.34 per gallon.

Monaco

The small European country bordering France has an average price of $9.23 per gallon of gas.

Russia, the world’s third-largest oil producer, is the largest supplier of European gas. The war in Ukraine has led to soaring prices across the continent.

After sanctions were placed on Russia, Putin demanded European countries pay in the Russian ruble for gas, which raised fuel prices in Europe by 7 to 10 percent, according to Reuters.

Norway

The Scandinavian nation is just below Monaco with an average price of $9.15 per gallon of gas.

Norway is a major oil producer, but like many European countries has higher gas taxes than elsewhere, raising prices at the pump.

Which country has the highest fuel prices?

What country is gas the cheapest?

How much is gas in Russia in US dollars?