List of Countries with the Cheapest Gas Prices 2012

7 Countries with the Worlds Cheapest Gasoline Prices

Photo from the movie Zoolander

Europeans and Americans are definitely paying some of the most painful gas prices globally.  More specifically, Norway pays the highest prices for gas world-wide(double what Americans pay).  All the while, citizens of oil-rich nations fill their tanks with pocket change.  A british insurance firm -Staveley Head- recently released a list of the worlds gas prices.  Below are the seven cheapest countries in the world to purchase gasoline.

1. Caracas, Venezuela

$0.18 per gallon (average) — These gas prices have been in place before Chavez took office, and will remain.  The last time the government tried to raise gas prices mass protests sprang up across the country, and several people died.

2. Riyadh, Saudi Arabia

$0.48 per gallon (average) — The kingdom has 20% of the world’s oil reserves, they are the heavy hitter on the global stage.

3. Tripoli, Libya

$0.54 per gallon— Libya is ranked 9th in the oil-producing world league.

4. Ashgabat, Turkmenistan

$0.72 per gallon (average) — Each person with a vehicle gets 120 litres free per month, so who cares about the price anyway?

5. Manama, Bahrain

$0.78 per gallon (average) — Which is likely to rise due to low oil reserves, and a new plan to diversify the economy.

6. Kuwait City, Kuwait

Kuwaitis by nature are very wealthy, but who doesn’t like a discount?

7. Doha, Qatar

The citizens of Qatar have the second highest income/world and the 7th lowest gas prices in the world.

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