Highest & Cheapest Gas Prices by Country

By Tom Randall - 2012-08-13T22:00:03Z

Photograph by SIME/eStock Photo

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Price per gallon of premium gasoline: $10.12
Price change since last quarter: +4.4%
Most-expensive-gas rank: #1
Pain-at-the-pump rank: #52

<p>Norway is the only major oil producer with expensive gas. In the last quarter, the world's most valued gas got even pricier.</p><p>A strike over pensions by Norwegian energy workers reduced oil output by 15 percent and threatened to shut down production altogether before the government intervened. The strike, which lasted from June 24 to July 9, cost the government and companies $508 million, according to the Norwegian Oil Industry Association.</p><p>Norwegians pay the most of any nationality to fill up their tanks. That's because instead of subsidizing fuel at the pump, the country uses its oil profits for services such as free college education and savings for infrastructure improvements.</p><p>Resource-rich Norwegians absorb the high prices with relative ease. The average daily income is $272. The share of a day's wages needed to buy a gallon of gas is 3.7 percent.

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