5 Countries with the Cheapest Gas Prices

3. Venezuela

Price of Gas per Gallon: $0.132

Venezuela is home to some of the largest oil reserves in the world. According to the 2022 BP Statistical Review of World Energy, Venezuela has more proved oil reserves than any other country. In addition to that, the government also heavily subsidizes gas prices in order to make it more affordable for the public. However, it must be mentioned that Venezuela is currently going through a severe economic crisis and the dirt-cheap gas prices are in no way indicative of a prosperous or stable economy.