Think Florida’s Gas Prices Are Bad? These 15 Countries Pay Even More Money
We get it—you’d love to see lower gas prices in Florida. But the next time you’re at the pump, consider this: Average gas prices in the U.S. are lower than in most of the world.
Yes, it’s hard for us to wrap our heads around that, too.
Just how much lower, you ask? Visual Capitalist ran the numbers to show us just how big the gap is.
Gas Prices Around the Globe
To determine which countries pay the most and least for gas, Visual Capitalist used data from Global Petrol Prices on February 3, 2025. They converted local prices to the U.S. dollar and factored in current exchange rates at the time.
You can bet your bottom dollar that the gas prices you’ll see here are no longer the same by the time you read this. But the comparison between what Americans pay for gas compared to the rest of the world is what we’re going for.
For reference, the average price for a gallon of gas in Florida on February 3, 2025, was $2.986, and it was $3.08 on average across the United States.
In contrast, the world average for a gallon of gas on February 3, 2025, was $4.70. Yes, you read that right—the majority of countries pay over 50% more than the U.S. on average for gas.
Countries With the Most Expensive Gas
Keeping in mind that Florida and the nation’s average gas prices were $2.986 and $3.08, respectively, at the time of Visual Capitalist’s study, these are the countries where residents shell out the most money for a gallon of gas.
- Hong Kong: $12.90
- Iceland: $8.44
- Denmark: $8.04
- Israel: $8.01
- Singapore: $7.79
- Netherlands: $7.76
- Liechtenstein: $7.45
- Switzerland: $7.38
- Barbados: $7.28
- Norway: $7.24
- Greece: $7.22
- Italy: $7.19
- Wallis and Futuna: $7.08
- Ireland: $7.07
- Portugal: $6.93
Why Are Gas Prices So High?
There are many reasons why gas prices are high in the countries above. One big reason is taxes. Many countries add extra taxes to every gallon of gas, which can really add up by the time you fill your tank.
Gas tax is often imposed to help pay for road maintenance and public services or to encourage people to use more environmentally friendly transportation.
Visual Capitalist’s study shows a correlation that countries with high fuel taxes tend to have much higher gas prices.
Another reason for high gas prices is the cost of production and refining.
Some countries don’t produce much oil on their own and must import it from other nations. Importing oil means extra costs for shipping, refining, and handling, which then get added to the final price at the pump.
For this reason, gas prices in the U.S. are relatively low. Since the U.S. is a major supplier of gas, it helps to keep retail costs lower for Americans.
Countries With the Cheapest Gas
These are the countries with the cheapest gas per gallon when converted to U.S. dollars.
- Iran: $0.11
- Libya: $0.12
- Venezuela: $0.13
- Angola: $1.24
- Egypt: $1.28
- Algeria: $1.28
- Kuwait: $1.29
- Turkmenistan: $1.62
- Malaysia: $1.75
- Kazakhstan: $1.78
- Bahrain: $2.01
- Bolivia: $2.05
- Qatar: $2.18
- Russia: $2.28
- Saudi Arabia: $2.35
The Caveat
Although prices under $2 for a gallon of gas, like what many people around the world pay, might seem like something to envy, Visual Capitalist didn’t factor in median incomes.
Therefore, while many of the prices seem low from an American perspective, in some cases, gas is expensive compared to the country’s average salary.
Furthermore, different countries set their gas prices based on many factors. Some nations have high taxes on fuel to encourage the use of cleaner energy.
Others have higher production or transportation costs, which make gas more expensive at the pump.
These differences help explain why a driver in one country might pay two or three times more for gas than someone in another country.
9 Times in History When Gas Prices Spiked to Crazy High Levels
The frustration you feel when pulling up to the pump and seeing a higher price is nothing new. Gas prices have had peaks and valleys since World War II, and they’ve disrupted Americans’ lives many times.
9 Times in History When Gas Prices Spiked to Crazy High Levels
Wondering If Your Florida Salary Is Fair? See How It Compares to the Nation
Are you finding it hard to keep up with the Joneses? If so, you might be earning a lower-than-average salary for Floridians. Using data from the Bureau of Labor Statistics, we’ll shed light on whether your income is on par with the average for Florida and the nation.
Wondering If Your Florida Salary Is Fair? See How It Compares to the Nation
