Highest & Cheapest Gas Prices by Country

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

Photograph by James P. Blair/National Geographic Stock

Company Symbol % Change
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Price per gallon of premium gasoline: $2.80
Price change since last quarter: +0.7%
Most-expensive-gas rank: #54
Pain-at-the-pump rank: #20
<p>Global fuel prices surged early this year as the U.S. and EU tightened sanctions against Iran over its nuclear program. Iran is the fourth-biggest oil producer and in 2010 had the highest fossil-fuel subsidies in the world.</p><p>In December 2010, Iran began a five-year program to reduce subsidies and bring gas and electricity prices more in line with the international market. The implementation of the program has been blamed for countrywide inflation of almost 21 percent.</p><p>While Iran has the seventh-cheapest gas price, low wages increase the pain felt at the pump. The average daily income in Iran is $18. The share of a day's wages needed to buy a gallon of gas is 16 percent.</p><p>Read more energy & sustainability news.</p>