The 15 Cheapest Places To Buy Gas In The World

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You may be paying over $4 a gallon for gas in the U.S., or even more in Europe, but there are some corners of the world where gas costs less than a dollar a gallon.

But they all have in common is something the U.S. and Europe don’t have: easy and abundant access to domestically or locally produced oil. On top of that, many of these governments provide large gas subsidies to keep prices down.

Some of these gas cheapskates are OPEC members, but others are just close to the source. Many are now experiencing domestic instability that may be making these prices from November 2010 appear much lower than they are now. But easy access to the raw material and heavy government subsidies should keep costs low in these countries for some time.

Note: This data from Deutsche Gesellschaft für Internationale Zusammenarbeit (GTZ), a German research firm, is from November 2010, and does not reflect the impact of recent instability in the Middle East on prices.

#15 Egypt

Price per gallon for gas: $1.82

OPEC member: No

Current status: Egypt is in the midst of a domestic revolution that may be limiting consumer access to fuel supplies. This November number may, therefore, be a little misleading.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#14 United Arab Emirates

Price per gallon for gas: $1.78

OPEC member: Yes

Current status: The United Arab Emirates, which include Dubai and Abu Dhabi, have remained stable while many gulf countries have experienced instability.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#13 Nigeria

Price per gallon for gas: $1.67

OPEC member: Yes

Current status: Nigeria may experience slightly higher gas prices if the recent election's violent fallout continues.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#12 Brunei

Price per gallon for gas: $1.47

OPEC member: No

Current status: The country's biggest oil producer, Brunei Shell Petroleum Co, just raised crude oil prices to a 31-month high.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#11 Yemen

Price per gallon for gas: $1.32

OPEC member: No

Current status: Yemen looks close to a political solution to ongoing instability, in which its president will receive immunity.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#10 Algeria

Price per gallon for gas: $1.21

OPEC member: Yes

Current status: Algeria has experienced minor protests, compared to its other North African neighbours. A halt to Algerian oil exports would send world crude prices spiking, according to Nomura.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#9 Oman

Price per gallon for gas: $1.17

OPEC member: No

Current status: Oman has experienced limited protests since the start of Middle East instability.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#8 Kuwait

Price per gallon for gas: $0.87

OPEC member: No

Current status: Protests in Kuwait have been limited and weak. The country is supporting the Libyan rebel movement.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#7 Turkmenistan

Price per gallon for gas: $0.83

OPEC member: No

Current status: Iran and Turkmenistan are working on pipeline projects.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#6 Bahrain

Price per gallon for gas: $0.79

OPEC member: No

Current status: Bahrain has experienced fierce protests, which have been quelled by GCC troops. The country's leadership recently expelled several Iranian diplomats.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#5 Qatar

Price per gallon for gas: $0.72

OPEC member: Yes

Current status: Qatar is selling a significant amount of natural gas to the UK, and is supporting the Spanish economy by investing in the country's banks and companies.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#4 Libya

Price per gallon for gas: $0.64

OPEC member: Yes

Current status: Libya is currently in the midst of a civil war, which is limiting oil production and exports.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#3 Saudi Arabia

Price per gallon for gas: $0.61

OPEC member: Yes

Current status: Saudi oil chiefs are worried about rising oil prices and their impact on the global economy.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#2 Iran

Price per gallon for gas: $0.37

OPEC member: Yes

Current status: Iran's latest budget has been approved based on an $80 oil price, well below current prices.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#1 Venezuela

Price per gallon for gas: $0.09

OPEC member: Yes

Current status: Hugo Chavez's government provides steep gas price subsidies, but is considering cutting them.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

Now, where are gas prices incredibly expensive?

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