Gas demand and prices are expected to continue growing as summer begins.
The good news first: The U.S. is not the country with the highest gas prices in the world (although at times of crippling, surging inflation, it might feel as if it is). In fact, the country hovers in the middle of a list comparing gas prices around the world, according to Global Petrol Prices, a website that tracks the retail price of gas across 150 countries. At $5.037 per gallon (as of June 6), gas is cheaper than in over 90 countries including Norway and China, and more expensive than in over 70 others. Gasoline prices are an unbeatable $0.084 per gallon in Venezuela, the country that boasts the biggest oil reserves in the world. The Latin American country is followed by Libya ($0.119) and Iran ($0.202). On the other hand, gas prices are at their highest in Hong Kong, at $11.213 per gallon, followed by Norway ($10.820), Denmark ($10.321) and Finland ($10.125). The price of gas in those countries does not necessarily reflect the economic conditions and purchasing power of people living there.
