Highest & Cheapest Gas Prices by Country

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

Photograph by SIME/eStock Photo

Company Symbol % Change
48 of 63

Philippines

Price per gallon of premium gasoline: $4.42
Price change since last quarter: N/A*
Most-expensive-gas rank: #47
Pain-at-the-pump rank: #3
<p>Philippines 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 clean-energy source for about 17 percent of its energy needs.</p><p>The Philippines economy is making the transition to more manufacturing and services from one based primarily on agriculture. Demand for cheap energy is high. Wages aren't. The average daily income is $6.36. The share of a day's wages needed to buy a gallon of gas is 70 percent.

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