What is the cheapest gas price in the world?

Question

And the most expensive?

Answer 1

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******Iraq:******

A new report indicates that while Iraq's economy remains in a shambles and the prospect of future growth is still dim, Iraqi citizens do enjoy some of the least expensive gas prices in the world.

The International Monetary Fund says Iraqi drivers currently pay an average of 5 U.S. cents a gallon (1.32¢/L) for gasoline. This contrasts to averages of $2.55 (67.4¢/L) in the United States and $6.24 ($1.65/L) in Great Britain. Even neighboring Iran pays more at the pump than Iraq; 38 cents a gallon (10.0¢/L).

The low cost is due in large part to generous pre-war government subsidies on petroleum products that remain in place today.

In its report, the IMF warned the subsidies are a threat to economic growth in the country. The country still suffers near daily insurgent attacks, high unemployement, inflation, and frequent electrical, water, and sewage service disruptions.

Meanwhile, Iraqi oil output continues to recover. Prior to Operation Iraqi Freedom, Iraq's daily output of crude was 2.5 million barrels a day. This week, oil production is 1.6 million barrels per day. Iraq's oil reserves are estimated at nearly 115 billion barrels, the third largest in the world.


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******Oslo******

As of May, 2006: $6.99 (per gallon)

Answer 2

I have customary this for years about gas prices. At a time at the same time as gas in 'ninety 4 replaced into ninety 9 cents a gallon, gas in London replaced into about 5 funds. That suggested, the U. S. isn't used to intense power prices. also, in spite of ways less expensive gas is compared to the international, ANY commodity that's considerable that quadruples in some short years is going to harm. That suggested, we pay the bottom volume in gas taxes in the international. i wish gas is going even larger. at the same time as it is going to as intense as Europe, which will shrink call for the following by skill of innovation with the kind of automobiles that run on determination gasoline. i'd like to grant OPEC the proverbial middle finger.

Answer 3

Cheapest Venezuela

Answer 4

I think it's under a dollar American in the Middle East. We're pretty cheap by World standards. I have a buddy in England who pays approximately $10 per gallon American - which is roughly the equivalent of 5 pounds British. They got it bad over there!

Answer 5

Not sure of thje price, but my daughter was in Iraq and gas was less than 50 cents a litre

Answer 6

venezuela i hears is about 0.09 cents a gallon
and here in bc canada it is $1.19 a litre which is 4.76 a gallon .....way to much huh ....not sure how the rest of the world is doing ...but very interesting question ....cannot wait to see the most expensive .... :) maybe it will make me feel better about our gas price lol ....

Answer 7

as of last August, Iraq had the cheapest gas for around a nickel per gallon. http://en.wikinews.org/wiki/Iraqi_gasoline_is_the_cheapest_in_the_world_at_$.05_per_gallon

Answer 8

I don't know about other countries, but desiel is $.63 a gallon at the north slope in Alaska, but its only for slope workers

Answer 9

Ill play it safe...I say 0 dollars

Answer 10

right now around here it is 2.79
but for the high test it is 2.99