8 Countries Where a Gallon of Gas Still Costs Less Than $2

8 Countries Where a Gallon of Gas Still Costs Less Than $2

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Gasoline prices in the U.S. have been on the rise over the past month, going from $2.34 per gallon to $2.62 per gallon according to AAA, due in part to the impact of Hurricane Harvey on the country's oil refining hub as well as higher oil prices. However, while there's a temptation to grumble about these higher prices, all things considered, we have it pretty good here in the states. According to the most recent data, America has the 11th cheapest gas in the world, and the third most affordable when measured as a percentage of the average daily wage. Driving down our gas prices is sufficient refining capacity and logistics infrastructure as well as lower gasoline taxes compared to other nations.

That said, several countries do have us beat, including eight where gas is still less than $2 per gallon. Here's a brief look at how those nations can keep their gas prices so low.

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Source: Fool.com