Highest and Lowest gas prices in the world!

submitted on August 22, 2010 by outcastplo313 in "Member's Lounge"

The World's Highest Gas Prices:

1. Asmara, Eritrea — $9.59/gallon
2. Oslo, Norway — $7.41/gallon
3. Copenhagen, Denmark — $6.89/gallon
4. Hong Kong — $6.87/gallon
5. Monaco, Monte Carlo — $6.82/gallon

The World's Lowest Gas Prices:

1. Caracas, Venezuela — 6 cents/gallon
2. Tehran, Iran — 32 cents/gallon
3. Riyadh, Saudi Arabia — 45 cents/gallon
4. Kuwait, City, Kuwait — 85 cents/gallon
5. Cairo, Egypt — $1.17/gallon

So here we have a homogeneous product — pretty much the same in Caracas as it is in Asmara — ranging in price from 6 cents to nearly $10 a gallon. Why the big range? Looking at the list will offer the first hint: Most of the countries on the low-price list have lots of oil.

But another reason gas prices vary so widely is what the government does with gasoline. They control the price and/or consumption by loading on taxes, or in the case of Venezuela, subsidizing the price.

http://finance.yahoo.com/famil.....mily-autos

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professor

Posted by vectra5 on August 22, 2010

[reply]

Why can't we have Caracas day here in the US? Gas for 6 cents a gallon all day long...

professor

1

Posted by outcastplo313 on August 22, 2010
[reply] 3 0

I know right!

professor

1 1

9 1

Posted by mooncow728 208 days ago

[reply]

Yea it would be nice in theory. But imagine if it really happened. People would line up at every gas station and you would probably have to wait in line for hours thus wasting a ton of gas. Then after a while all the stations would run out of gas and people would go crazy. They would probably end up burning down all the gas stations and beating up everyone in their path. It would be complete chaos and I think I would be one of the people just to stay at home. It would be nice to save the money but not worth the extra time and potential horror in the process.

professor

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Posted by orangearrows 208 days ago
[reply] 1 0

Long live VECTRA.....VECTRA for PRESIDENT

75865

professor

1

Posted by outcastplo313 on August 22, 2010
[reply] 3 0

1. Asmara, Eritrea — $9.59/gallon
^^^Imagine having their gas prices^^^

learner

Posted by Bahram 209 days ago

[reply]

For facts, your numbers in Tehran, Iran is wrong. Gas prices in Tehran are 7000 Iranian Rial per Liter, equivalent of $0.60 per Liter or $2.25 per US Gallon. Please do your mat again. (The official conversion for one US Dollar is equivalent of 11800 Iranian Rial and 1 US gallon = 3.785411784 liters).