Highest & Cheapest Gas Prices by Country

By Tom Randall - 2013-02-13T13:11:46Z

Photograph by SIME/eStock Photo

Company Symbol % Change
Hess Corp HES:US 0.74
ConocoPhillips COP:US 0.25
BP PLC BP/:LN -2.24
Exxon Mobil Corp XOM:US 0.42
Chevron Corp CVX:US -0.21
14 of 63

United Kingdom

Price per gallon of gasoline: $8.06
Rank by most expensive gas: 13
Rank by pain at the pump: 39

The price of gasoline in the U.K. has risen more than 66 percent over the last decade, driven by increases in both taxes and fuel prices, according to the Office of Fair Trading (OFT). Out of the $8.14-a-gallon average that British motorists paid last year, about 60 percent went to taxes, 32 percent paid for the crude oil and the rest was the retailer's margin.

Gas price increases prompted the OFT, the country's competition watchdog, in January to review gas pricing at retailers. The agency said it found no evidence of anticompetitive practices and that high prices were driven by taxes and crude prices.

The average daily income is $109, and it takes 7.4 percent of that income to buy a gallon of gas.

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