5 Countries with the Cheapest Gas Prices

1. Iran

Price of Gas per Gallon: $0.108

For Iranians, cheap gasoline is practically considered a birthright, as their country holds the world’s fourth-largest crude oil reserves in the world. Heavy state subsidies have been keeping gas prices low, however, due to the widening gap between supply – which is limited by domestic refining capacity – and rising demand, the government has been forced to tap its strategic reserves and import petrol for the first time in a decade. The $0.108 price is paid for a monthly quota of around 16 gallons and roughly doubles for any amount beyond that threshold.

Iran is the Country with the Lowest Gas Prices in the World. 

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