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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 0.31
Hess Corp HES:US -12.54
Chevron Corp CVX:US -2.25
ConocoPhillips COP:US -6.85
BP PLC BP/:LN -3.48
60 of 63

Saudi Arabia

Price per gallon of gasoline: $0.45
Rank by most expensive gas: 59
Rank by pain at the pump: 58

Saudi Arabia, which holds one-fifth of the world's oil reserves, is pursuing wind, solar and nuclear power to help cut in half the crude and natural gas it burns to generate its electricity. The country wants to generate a third of its electricity from alternate energy sources within two decades, according to government officials.

Persian Gulf oil producers are seeking new ways to generate power because they would rather sell their crude to gas-hungry countries than burn it. Doing so will be necessary for the Saudis to fund their pledge of $630 billion on social welfare and building projects.

Saudi Arabia is OPEC's biggest producer and heavily subsidizes the price of gasoline. The average daily income is $64. The share of a day's wages needed to buy a gallon of gas is 0.7 percent.

Read more energy & sustainability news.