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 main suppliers of petroleum to Germany are Norway, Kazakhstan, and the United States.
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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
Finland relies on gas from various countries like Norway, Algeria, and Kazakhstan.
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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
One of the few countries in Europe that produces oil is Albania.
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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
Uruguay relies on various countries for its petroleum needs.
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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
France mainly relied on various countries in Africa for its petroleum.
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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
Over 95% of Italy’s gas is imported from other countries.
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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
Switzerland gets gas from larger countries like France, Germany, and Italy.
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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
Singapore gets its oil from Saudi Arabia and the United Arab Emirates.
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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
Israel relies on Brazil, Kazakhstan, Azerbaijan, and Nigeria for its oil.
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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
Greece gets its oil from Russia, Iran, and Libya.
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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
Barbados relies on the United States, Trinidad and Tobago, and Brazil for petroleum.
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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
Liechtenstein relies on other countries for energy sources.
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The price for one gallon of gas in Liechtenstein is $7.93. This tiny nation has to import energy sources including oil.
6. Norway
Norway produces oil and gas and the country also exports it.
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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 Netherlands relies on several countries for gas prices including Norway and the United States.
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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
Denmark produces oil and gas from the North Sea.
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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
Iceland relies on several countries for gas prices including Norway, the United Kingdom, Denmark, and the Netherlands.
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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
Monaco relies on France for their gasoline and all types of fossil fuels, for that matter.
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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
Hong Kong usually gets its gasoline from Singapore.
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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.
