In the United States, the price of gasoline has been increasing and has even exceeded $5 dollars per gallon. And although there are many other countries where it is even more expensive, there are others where it is much cheaper. Below, we share five that fall into the last category:
5–Algeria
National average price of gasoline: $1.21 dollars per gallon.
Countries that produce and export oil tend to have lower gasoline prices. Algeria qualifies as oil and gas account for 85% of the country’s exports, as reported by Money Talks News.
4–Syria
National average price of gasoline: $1.21 dollars per gallon .
By US standards, gas prices are low in Syria, thanks in part to to government subsidies, although they have risen sharply in recent years.
This trend is largely the result of the Syrian government’s decision to repeatedly raise gasoline prices in hopes of alleviate an economic crisis caused by a civil war that this country has suffered for more than a decade.
3–Iran
National average price of gasoline: $0.19 cents per gallon.
Like Syria, Iran keeps gasoline prices artificially low through of subsidies. However, in recent years, government officials have begun to rethink this policy and the drag it creates on the national economy.
2–Libya
National average price of gasoline: $0.12 cents per gallon.
Libya is another nation that has fuel subsidies that are among the most generous in the world. world. This has helped to offer much lower prices at service stations for the nation’s drivers.
1.Venezuela
National average price of gasoline: $0.10 cents per gallon.
Gasoline prices in this country are this low because the government subsidizes fuel costs .
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