FAQs
The lowest petrol rate in the world is in Venezuela, where it costs just 0.047 US cents per liter. This is due to the country's extensive oil reserves and government subsidies.
Where is gas the cheapest in the US? ›
Mississippi has the lowest price of gas, with an average of $2.93 per gallon of regular gas.
What country pays the least for gas? ›
Using the same website as a measure, these are the top ten nations with the cheapest gasoline per US gallon.
- Venezuela, $0.016.
- Iran, $0.108.
- Libya, $0.118.
- Algeria, $1.270.
- Kuwait, $1.288.
- Angola, $1.373.
- Egypt, $1.408.
- Turkmenistan, $1.621.
Hong Kong had the highest prices for premium gasoline (95-RON) on April 15, 2024. That day, prices averaged more than three U.S. dollars per liter, which was notably more than in any other country.
Why is gas so cheap in Iran? ›
With 43 percent of its gasoline imported, Iran is the world's second largest gasoline importer. Iran's petrol is heavily subsidized, sold at about a fifth of its real cost. The price of 1,000 rials ($0.11) per liter makes Iran one of the cheapest countries in the world for motorists.
Which country has best fuel? ›
The International Fuel Quality Center (IFQC) has ranked the top 100 countries based on sulfur limits in gasoline; Germany was found to be at the top of the ranking with the lowest sulfur limits. Following in second and third were Japan and Sweden, respectively.
How much is gas in Hawaii? ›
Honolulu
| Regular | Mid |
|---|
| Current Avg. | $4.575 | $4.843 |
| Yesterday Avg. | $4.575 | $4.824 |
| Week Ago Avg. | $4.592 | $4.844 |
| Month Ago Avg. | $4.661 | $4.914 |
1 more rowDaily National average of gas prices in Canada
| Yesterday (Avg.) | 161.9/L |
|---|
| Week Ago (Avg.) | 164.7/L |
| Month Ago (Avg.) | 164.0/L |
| Year Ago (Avg.) | 152.3/L |
The most expensive gas in the US is at this California station at nearly $10 a gallon: Gas Buddy. A gas station in Mendocino, Northern California, is now charging nearly $10 a gallon. According to GasBuddy, it's the most expensive gas in the US.
Where is gas free in the world? ›
Venezuela
Venezuela, while overall a rather impoverished nation, is rich in oil reserves and fossil fuels, and uses that particular wealth to provide their people with virtually free gasoline. Yeah, it is strange to think about, isn't it? But it is true.
Gas prices at the pump are typically lower in the US because of the difference in taxes.
Why is gas in Venezuela so cheap? ›
In OPEC-member Venezuela, fuels are subsidized or unsubsidized while prices range from free to cheap at $0.02/gallon on the low end. But drivers still leave a tip: beans and rice. Venezuela may have many challenges, both internal and external, but one place the OPEC member's populace feels less pain in is at the pump.
What state has the cheapest gas? ›
September 2023 Gasoline Price Updates
Mississippi has the cheapest gasoline prices in the U.S., where the average cost is $3.29 per gallon. It also has the least expensive diesel prices out of the Top 10 states. Louisiana has the second-cheapest gas, with the average cost hitting $3.36 per gallon.
How much is gas in Mexico? ›
| Actual | Previous | Unit |
|---|
| 1.34 | 1.36 | USD/Liter |
It's worth taking a look at gas prices around the world to see how our prices stack up on a global level. GlobalPetrolPrices.com, an energy data tracking company, puts U.S. gas prices in the bottom half of a global measure. And we pay the least for gasoline of any economically advanced country.
Which country is the richest in fuel? ›
Oil Reserves by Country
| # | Country | World Share |
|---|
| 1 | Venezuela | 18.2% |
| 2 | Saudi Arabia | 16.2% |
| 3 | Canada | 10.4% |
| 4 | Iran | 9.5% |
94 more rowsBecause the U.S. can source some of its own oil, we tend to see lower costs at the pump than, say, European countries where the majority of crude oil is imported.
Is there free gas in Iraq? ›
The majority of the gas in Iraq is associated gas, connected to the giant oil fields that are in the south of Iraq, along with the not fully developed free gas fields in Akkas in the west of Iraq and Mansouriya in the east of Iraq. While the KRI likewise has numerous gas fields, most remain undeveloped.
