World oil prices continue to fall, and the price of gasoline too, but gasoline prices are differs across countries by a huge amounts. Some countries subsidize gasoline, others, on opposite, have significant tax burden. Most expensive gasoline (in nominal USD terms) is in the Italy, Netherlands, Norway and Hong Kong - about 1.86 USD per liter as of 12 Jan 2015. And the cheapest one is in the Venezuela, whose citizens drive their cars almost for free (only 2 cents per liter). But what is "expensive" and "cheap"? Incomes of people by country differs too. And if to bring gasoline prices to a common denominator taking income levels into account, the picture changes. Thus, in United States monthly GDP per capita equals about 7120 liters of gasoline and in Iran, for example, where nominal USD price is "cheap" (0.26$/l.) for 1 monthly GDP per capita you could buy 4.4 times less gasoline - only 1621 liter. Europe citizens, on average, can buy about 2-3 times less gasoline for their incomes than residents of US. And the poorest (in terms of gasoline purchasing power) - some African countries (their citizens gasoline purchasing power more than 300 times less than US, as shown on the map and ranking gadget).
Sources: recent data on gasoline prices from the GlobalPetrolPrices.com. Exchange rates used to convert between $US and national currencies - XE.com. Data on GDP per capita from the IMF World Economic Outlook dataset. All figures as of 12 Jan 2015.
The Energy Data Brief offers key statistics designed to help energy market watchers anticipate and respond to developments in the energy sector as well as changes in related industries and investments.