Bloomberg News

VROOM: Where Is the World’s Cheapest Gas?

May 25, 2012

The cost of a gallon of gasoline ranks with bad weather as one of the most universal complaints. In the U.S., the price of gas is getting even more attention than usual this year as presidential contenders battle over energy policy. What's lost in the debate is how much the U.S. and other countries actually pay for gas, relative to one another and to their citizens' wages. The following ranking sorts 55 countries by average price at the pump and by "pain at the pump," which is measured by the percentage of average daily income needed to buy a gallon of fuel.Sources: Created by Bloomberg Rankings using data compiled by Bloomberg, Europe's Energy Portal, Associates for International Research and the IMF. Country descriptions draw on World Bank data for fuel consumption, OECD data about oil subsidies and the CIA World Factbook for additional information. Gas prices are from April 2 to April 11. Data weren't available for some countries, and the ranking excludes countries where per capita income is less than $4 a day. Premium gas prices are used to achieve equivalent octane comparisons.  Source: Photograph by Joel Sartore/National Geographic Stock

The cost of a gallon of gasoline ranks with bad weather as one of the most universal complaints. In the U.S., the price of gas is getting even more attention than usual this year as presidential contenders battle over energy policy.

What's lost in the debate is how much the U.S. and other countries actually pay for gas, relative to one another and to their citizens' wages. The following ranking sorts 55 countries by average price at the pump and by "pain at the pump," which is measured by the percentage of average daily income needed to buy a gallon of fuel.

Sources: Created by Bloomberg Rankings using data compiled by Bloomberg, Europe's Energy Portal, Associates for International Research and the IMF. Country descriptions draw on World Bank data for fuel consumption, OECD data about oil subsidies and the CIA World Factbook for additional information. Gas prices are from April 2 to April 11. Data weren't available for some countries, and the ranking excludes countries where per capita income is less than $4 a day. Premium gas prices are used to achieve equivalent octane comparisons.

Source: Photograph by Joel Sartore/National Geographic Stock

Bloomberg's Adam Johnson reveals the most and least expensive gas prices worldwide. Sources: Created by Bloomberg Rankings using data compiled by Bloomberg, Europe's Energy Portal, Associates for International Research and the IMF. Country descriptions draw on World Bank data for fuel consumption, OECD data about oil subsidies and the CIA World Factbook for additional information. Gas prices are from April 2 to April 11. Data weren't available for some countries and the ranking excludes countries where per capita income is less than $4 a day. Premium gas prices are used to achieve equivalent octane comparisons. (Source: Bloomberg)

Running Time: 02:10


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