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Highest & Cheapest Gas Prices by Country

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

Photograph by Walter Bibikow/eStock Photo

Company Symbol % Change
59 of 63

Kuwait

Price per gallon of premium gasoline: $0.89
Price change since last quarter: +1.1%
Most-expensive-gas rank: #58
Pain-at-the-pump rank: #59
<p>Petroleum accounts for almost half of Kuwait's gross domestic product and 95 percent of its exports and government income. In 2010, the country approved a plan to spend $130 billion over five years to diversify the economy.</p><p>When global gas prices rise, Kuwaitis profit. This year's oil revenue has boosted government income and spending in Kuwait, including wage increases for public-sector employees.</p><p>Gas prices aren't felt much. The average daily income in Kuwait is $146. The share of a day's wages needed to buy a gallon of gas is less than 1 percent.</p><p>Read more energy & sustainability news.</p>

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