The 18 Countries With The Most Expensive Gas Prices in the World

Since the invention of cars, most vehicles have run on gasoline. Back in the day gas prices were under a dollar. Even a few decades ago, they were under $2. The United States has some of the cheapest gas prices in the world, compared to other first-world countries, especially in Europe. As of March 11, 2024, the average per-gallon gas price in the world is $5.13. Usually, wealthy countries that don’t have or don’t produce oil tend to have higher gas prices than those that have oil reserves or produce oil. With prices of everything else going up, the trend is to see gas prices increase, too. Let’s take a look at the 18 countries with the most expensive gas prices in the world. These prices come from Global Petrol Prices and are as of March 11, 2024.

18. Germany

The price for one gallon of gas in Germany is $7.29. Usually, petroleum prices in Germany are volatile when the crude oil market is unstable, like today.

17. Finland

The price for one gallon of gas in Finland is $7.44. The value-added tax, called VAT, and fuel taxes are the main reasons why petroleum prices are high in the country.

16. Albania

The price for one gallon of gas in Albania is $7.45. Gas prices in Albania have increased over the years because of various taxes imposed by the government.

15. Uruguay

The price for one gallon of gas in Uruguay is $7.46. Government tax increases are the reason why gas prices have jumped up in the country.

14. France

The price for one gallon of gas in France is $7.62. The main culprit in why gas is so expensive in France is the taxes and high VAT.

13. Italy

The price for one gallon of gas in Italy is $7.67. Gas prices in Italy are high because of the taxes imposed on them and because they heavily rely on imports.

12. Switzerland

The price for one gallon of gas in Switzerland is $7.73. With global market trends and the war in Ukraine, Switzerland has had to deal with higher prices.

11. Singapore

The price for one gallon of gas in Singapore is $7.80. Higher taxes are being implemented that have increased the price of petroleum in the tiny nation.

10. Israel

The price for one gallon of gas in Israel is $7.86. Gas prices in Israel have increased because the country stopped the excise reduction that curbed prices.

9. Greece

The price for one gallon of gas in Greece is $7.88. Fuel prices are so high in Greece because of various taxes imposed by the government.

8. Barbados

The price for one gallon of gas in Barbados is $7.91. The government has taxes and other duties imposed on gas prices, which make them high.

7. Liechtenstein

The price for one gallon of gas in Liechtenstein is $7.93. This tiny nation has to import energy sources including oil.

6. Norway

The price for one gallon of gas in Norway is $8.05. The culprit in why gas prices are so high in Norway is because of unstable global markets.

5. Netherlands

The price for one gallon of gas in the Netherlands is $8.23. The unreliability of the global markets has created gas price instability. Furthermore, the government has implemented a gas tax increase.

4. Denmark

The price for one gallon of gas in Denmark is $8.33. Because energy and gas prices are sources traded in all of the European Union, the gas prices also affect Denmark.

3. Iceland

The price for one gallon of gas in Iceland is $8.77. Because Iceland is so far away from everything, everything has to be shipped, which creates an increase in prices.

2. Monaco

The price for one gallon of gas in Monaco is $8.81. The tiny nation does not have any energy facilities, which is why gas prices are so expensive.

1. Hong Kong

The price for one gallon of gas in Hong Kong is $11.84. The reason why gas is so expensive in Hong Kong is because there are no oil refinery facilities. Everything is imported into Hong Kong.