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 0.91
Exxon Mobil Corp XOM:US -0.11
Chevron Corp CVX:US 0.54
ConocoPhillips COP:US 0.69
BP PLC BP/:LN -0.15
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Philippines

Price per gallon of gasoline: $4.87
Rank by most expensive gas: 43
Rank by pain at the pump: 3

The Philippines is transitioning to a manufacturing and services economy from one based primarily on agriculture. Demand for cheap energy is high. Wages aren't.

Filipinos' pain at the pump is partly offset by an unconventional energy resource available to their economy. The country is the world's second-biggest producer of geothermal energy after the U.S., according to the International Geothermal Association. The island nation of 95 million people and 7,100 islands uses this natural energy source for about 17 percent of the country's energy needs.

The average daily income is $7.11. The share of a day's wages needed to buy a gallon of gas is 69 percent. The average daily consumption is 0.03 gallon, the fourth-lowest after India, Pakistan and Turkey.

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