While Norway is among the world’s leading producers of crude oil, gas prices reflect the country’s determination to eliminate fossil-fuel burning. REUTERS/Henning Gloystein It is heavily reliant on imported petroleum, as its economy depends on it for 97 percent of its energy requirement. Best airline credit cards A leading-edge research firm focused on digital transformation. For the most part, the price of gasoline follows the same path all around the world.There are exceptions, however. Do I need a financial planner? How to buy a house with no money down It is one of the wealthiest and most developed countries in the region, with an estimated 2017 GDP per capita equal to 152% of the World Bank’s global average.These are the countries control the world’s oilThe Air Force has designed, built, and flown a prototype for a...Norway and Iceland trail Hong Kong with per-gallon prices of $7.39 and $7.38, respectively. A Special Administrative Region of China, Hong Kong is the world’s eighth-most expensive place to live, according to CEOWorld’s 2019 rankings.When it comes to the world’s cheapest gasoline, there are not a lot of surprises either. Dean Mouhtaropoulos/Getty Images Sudan holds 5 billion barrels of proved reserves, while Cuba’s reserves are a scant 124 million barrels. Student Loans By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider When to save money in a high-yield savings account Life insurance Venezuela is in a zone of its own, but in two other countries a gallon of gas costs less than $1.00. Everything you need to know about financial planners Despite its proximity to oil-producing countries in the Middle East, Turkey has one of the highest gas prices in the world. Questions to ask a financial planner before you hire them The country with the most expensive gasoline in the world is Hong Kong, where a gallon of gas … Financial Planning Freeday/Shutterstock Are CDs a good investment? Victoria, another city in British Columbia, had its average gas prices at 116.9. Oyster.com H&R Block vs TurboTax 8. How to use H&R Block to file your taxes How to shop for car insurance How to save money for a house Retirement Why you should hire a fee-only financial adviser Its supply is affected in case of hiccups in the production or transportation. The government hopes to reduce this as the Baku-Tbilisi-Ceyhan oil pipeline comes into full operation. Flickr Creative Commons / Pedro Szekely Credit Cards Energy experts have pegged South Australia as having the world’s most expensive power prices, and the rest of the country isn’t far behind. The city's gas prices cost more than double the New York price, and rose 7% in the last year. How to use TaxAct to file your taxes How to open an IRA Why you should hire a fee-only financial adviser Norway is also the third-most expensive place in the world to live, while Iceland is the second-most expensive.The other side of the coin is the countries where gas is cheapest. The outlook continues to look bleak for the American food...U.S. regular gasoline retail pump prices have been creeping higher since starting 2019 at a low of $2.24 a gallon. The country has virtually no crude oil reserves and no refining capacity, but it has a thriving tourism industry.