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Highest & Cheapest Gas Prices by Country

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

Photograph by Siegfried Tauqueur/eStock Photo

Company Symbol % Change
Hess Corp HES:US -2.19
ConocoPhillips COP:US -3.32
BP PLC BP/:LN -1.38
Exxon Mobil Corp XOM:US -4.58
Chevron Corp CVX:US -4.89
17 of 63

Israel

Price per gallon of gasoline: $7.67
Rank by most expensive gas: 16
Rank by pain at the pump: 34

Surrounded by oil producers in the Middle East, Israel itself produces very little. Gasoline prices are controlled by the government, and taxes typically make up about half the cost of a gallon.

The price of gas has been the biggest complaint behind cost-of-living demonstrations in recent years. Prime Minister Benjamin Netanyahu has intervened on numerous occasions to prevent prices from rising as quickly as the global price of oil.

Israel caps the price of 95-octane gas, while allowing other forms of the fuel to fluctuate. The average daily income in Israel is $90, and it takes 8.5 percent of an average day's wages to buy a gallon of fuel.

Read more energy & sustainability news.

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