Average Gas Prices From Around the World, OPEC, and the Axis of Evil

by Hank Coleman

The financial news magazine, Conde Nast Portfolio, recently ran an interesting article that listed the price of a gallon of gasoline from around the world. The magazine’s website features a cool interactive map of the countries’ price tags. The costs were converted from home currency to U.S. dollars and standardized to the gallon from liters. The vast disparages between countries is the result of government subsidies, taxes, proximity to oil refineries, and transportation costs.

Top 10 Countries With The Most Expensive Gas Prices:
1. $11.18 = Turkey (highest taxes in the world)
2. $9.95 Norway
3. $9.88 Zambia
4. $9.58 Eritrea (Africa)
5. $9.09 Italy
6. $8.85 Portugal
7. $8.69 Sweden
8. $8.68 Iceland
9. $8.41 Serbia
10. $8.52 Poland

Axis of Evil:
$1.44 = Iraq
$0.41 = Iran
$2.69 = North Korea
$0.12 = Venezuela

Top 10 Countries With The Cheapest Gas Prices:
1. $0.12 = Venezuela
2. $0.41 = Iran
3. $0.47 = Saudi Arabia
4. $0.50 = Libya (largest proven oil deposit in Africa)
5. $0.73 = Qutar
6. $0.76 = Turkmenistan (Drivers’ first 32 gallons each month are free)
7. $0.92 = Kuwait
8. $1.14 = Yemen
9. $1.18 = Oman
10. $1.24 = Egypt
As of June 2008

There are thirteen member countries of OPEC, the Organization of Petroleum Exporting Countries. They are: Algeria ($6.30), Angola ($2.02), Ecuador ($1.40), Indonesia ($2.45), Iran ($0.41), Iraq ($1.44), Kuwait ($0.92), Libya ($0.50), Nigeria ($2.23), Qatar ($0.73), Saudi Arabia ($0.47), United Arab Emirates ($2.34), and Venezuela ($0.12). They have an average gallon of gasoline price of $1.64.

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