CNN/Money: Global gas prices (2024)

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What country has the highest gas prices in the world? ›

Global premium gasoline prices 2024, by select country

Hong Kong had the highest prices for premium gasoline (95-RON) on July 15, 2024.

U.S. Regional Gasoline Prices as of July 23, 2024

Prices on the west coast continue to slowly move to the $4 line. The national average price of gasoline is down ever so slightly, at $3.47 per gallon, according to EIA data.

Our real-time GAS to USD price update shows the current Gas price as $3.24 USD. According to our Gas price prediction, GAS price is expected to have a -14.51% decrease and drop as low as by September 19, 2024.

Turkmenistan — $0.72 per gallon

This likely means that automobile owners in Turkmenistan will continue to be entitled to 120 liters (34 gallons) of free gas a month, rendering the $0.19 price of a liter almost meaningless to some auto owners.

Out of 170 countries analyzed, America has the 40th least expensive gasoline, placing it in the top quarter for the cheapest in the world. As of July 15, the average price of gasoline in the world was $1.33 per liter – or $5.02 per gallon.

Conclusion: how long will fossil fuels last? It is predicted that we will run out of fossil fuels in this century. Oil can last up to 50 years, natural gas up to 53 years, and coal up to 114 years. Yet, renewable energy is not popular enough, so emptying our reserves can speed up.

Assuming the same annual rate of U.S. dry natural gas production in 2021 of about 34.52 Tcf, the United States has enough dry natural gas to last about 86 years.

Average price per gallon

14, 2024. Conversely, Mississippi has the lowest average gas price, at $2.97 per gallon — the only state with a price less than $3.00 per gallon.

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In OPEC-member Venezuela, fuels are subsidized or unsubsidized while prices range from free to cheap at $0.02/gallon on the low end. But drivers still leave a tip: beans and rice. Venezuela may have many challenges, both internal and external, but one place the OPEC member's populace feels less pain in is at the pump.

(WDAF) — Lower gas prices: That's the forecast for 2024, offering relief for drivers in the new year. GasBuddy is predicting U.S. drivers will spend, on average, $3.38 per gallon this year. That's 13 cents less than last year's national average.

U.S. gasoline prices are expected to average around $3.40 a gallon in 2024 and $3.20 in 2025, compared with around $3.50 in 2023, according to the EIA's Short Term Energy Outlook report.

BMI, a Fitch Solutions company, has revealed its newest NYMEX RBOB gasoline price forecasts through to 2026 in a new report sent to Rigzone recently. The company now sees the commodity averaging $2.55 per gallon in 2023, $2.26 per gallon in 2024, $2.22 per gallon in 2025, and $2.20 per gallon in 2026.

Russia has the largest proved natural gas reserves in the world. As of 2023, it held reserves worth 44.2 trillion standard cubic meters worth of the fossil fuel.

California has the highest price of gas, with an average of $4.78 per gallon of regular gas. Table with 4 columns and 5 rows. Per gallon of regular gas.

The most expensive gas in the US is at this California station at nearly $10 a gallon: Gas Buddy. A gas station in Mendocino, Northern California, is now charging nearly $10 a gallon. According to GasBuddy, it's the most expensive gas in the US.