Highest & Cheapest Gas Prices by Country

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

Photograph by SIME/eStock Photo

Company Symbol % Change
Exxon Mobil Corp XOM:US 0.53
Hess Corp HES:US -0.23
Chevron Corp CVX:US 0.53
ConocoPhillips COP:US 0.74
BP PLC BP/:LN 0.42
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Egypt

Price per gallon of gasoline: $1.14
Rank by most expensive gas: 57
Rank by pain at the pump: 26

Egypt, the Arab world's most populous nation, is seeking to restore stability and rebuild the economy after the revolt that ousted former President Hosni Mubarak in 2011.

The administration that came to power in August pledged to overhaul the energy industry and curb fuel subsidies. The country still has the fourth-cheapest gas in the world.

Global fossil-fuel subsidies jumped by almost 30 percent in 2011 to $523 billion, according to the International Energy Agency. That's more than six times the subsidies for renewable energy.

The average daily income is $9.04. The share of a day's wages needed to buy a gallon of gas is 13 percent.

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