Who has the world's cheapest gas?

Libya, Iran, and Venezuela consistently have some of the world's cheapest gas, driven by massive domestic oil production and heavy government subsidies, with prices often below $0.15 per liter or gallon, though Venezuela's prices have sometimes been reported as near-zero due to extreme currency issues. Other nations like Kuwait, Algeria, Egypt, and Saudi Arabia also offer very low prices for similar reasons.

What is the cheapest gas in the world?

Head to Libya or Iran for the cheapest fill-up

At the other end of the spectrum, we have countries like Libya and Iran, who — as of May 2025 — boast average gas prices of just $0.10 and $0.11 per gallon respectively. Yeah, that's per gallon.

How much is 1 gallon of gas in Iran?

Gasoline in Iran is extremely cheap due to heavy government subsidies, with prices structured in tiers: a basic subsidized rate around $0.03 per liter (about $0.12 per gallon) for a monthly quota, a second tier slightly higher, and a third tier around $0.08 per gallon for extra fuel, making it one of the world's lowest-priced markets even after recent small increases in late 2025. 

Who has the least expensive gas?

The cheapest gas depends on what you're comparing: for vehicles, regular unleaded is cheapest; for home energy, natural gas is generally the most affordable, costing significantly less per unit than electricity, heating oil, or propane; and specific brands like Arco, Costco, or independent stations often offer lower prices at the pump. 

Where is the cheapest gas in the USA?

The cheapest gas in the USA is consistently found in the Gulf Coast and Midwest regions, with states like Oklahoma, Mississippi, Louisiana, Texas, and Arkansas frequently leading the lowest-price charts due to proximity to refineries, lower taxes, and lower demand. For real-time prices, check AAA, but generally, you'll find the best deals in these Southern and Midwestern states compared to expensive West Coast states like California.
 

This country has the cheapest gas in the world

When was gas $1.00 a gallon?

While gas stayed below a dollar from 1929 until 1980 (a period of 51 years) it doubled in the four years from 1979 to 1983. I guess we showed them. To be fair it did go back down slightly in the late 1980's, but after that, a dollar a gallon gas was just a fond memory.

How much is gas in China?

Gasoline prices in mainland China are around 0.82 USD per liter (or roughly 7.22 CNY/liter) as of late December 2025, making it relatively inexpensive compared to many countries, though prices fluctuate slightly, with reports showing it slightly higher in late 2025 than earlier in the year. 

Why is fuel in Iran so cheap?

Iran currently holds the record for the cheapest petrol prices in the world, a result of decades-long government subsidies designed to keep fuel affordable for its population. These subsidies make everyday transportation costs almost negligible for local consumers.

How much is gas in the Philippines?

As of early January 2026, gasoline prices in the Philippines fluctuate weekly, with recent advisories suggesting small increases or steady prices for gasoline, while diesel and kerosene often see hikes, around ₱56-₱68 per liter depending on the grade (RON 91, 95, or 100) and specific location, with general trends pointing towards slight price drops expected soon due to oversupply forecasts, though geopolitical factors keep things dynamic. 

What is the price of gas in Dubai?

Gas prices in Dubai (UAE) for January 2026 are low, around AED 2.34 to AED 2.53 per liter, depending on the octane grade (E-Plus 91, Special 95, Super 98), a decrease from December 2025 levels, making it very affordable, often cheaper than bottled water, due to government policy and tax-free status, notes Gulf News, ARN News Centre and GlobalPetrolPrices.com. 

Who pays the most for gas in the world?

Countries With the Most Expensive Gas

• Israel: $7.836.
• Switzerland: $7.840.
• Singapore: $7.983.
• Liechtenstein: $8.021.
• Netherlands: $8.135.
• Denmark: $8.298.
• Iceland: $9.146.
• Hong Kong: $13.014.

How can I save money on gasoline?

To save money on gas, combine efficient driving (smooth acceleration, steady speed, less AC, proper tire pressure, less idling) with smart fueling (use apps like GasBuddy for cheap prices, join rewards programs, pay cash, fill up early/mid-week) and reduce driving by carpooling, walking, or bundling errands. Regular vehicle maintenance, like oil and filter changes, also boosts fuel economy. 

What is the cheapest oil in the world?

Although soybean oil has recently become the world's cheapest cooking oil, palm oil previously held this title for good reason (although it's also been rooted in controversy).

What country owns 18% of the world's oil?

Venezuela 🇻🇪 has the largest proven oil reserves in the world, ranking first ahead of countries like Saudi Arabia 🇸🇦 and Iran 🇮🇷 . Its reserves are estimated to be around 303 to 304 billion barrels, representing about 18% of the global total.

How much is a gallon of milk in China in US dollars?

The exception to cheap groceries in China is dairy products. One gallon of milk costs $7.20 to $8.80 and a pound of local cheese costs $5.55 to $6.75.

How much is gas in India?

Indian gas prices vary by fuel type and location, with LPG (cooking gas) cylinders (14.2kg) generally around ₹850-₹900 in major cities as of early January 2026, while petrol/diesel prices (like in New Delhi at ₹87.67/litre) fluctuate daily but are lower than LPG in some areas. Domestic LPG prices saw recent hikes in early 2026 for commercial users, but the government clarified that domestic prices remain stable, with subsidies for low-income families.
 

Do electric cars save on fuel costs?

Fuel Economy

Electric vehicles can reduce fuel costs dramatically because of the high efficiency of electric-drive components. Because all-electric vehicles and PHEVs rely in whole or part on electric power, their fuel economy is measured differently than that of conventional vehicles.

How much did a gallon of milk cost in 1950?

In 1950, a gallon of milk cost around 83 cents, though prices varied slightly, with some data showing a half-gallon costing about 41 cents, making a gallon roughly double that; it was a significant household expense then, equivalent to much more today due to inflation.