As of May 19, gas prices averaged $4.59 per gallon, the highest ever.
Some countries have much higher gas prices. According to GlobalPetrolPrices.com, the global average gallon pri
ce is $5.13. Country-by-country prices vary widely.
Residents of Hong Kong pay the highest international gas prices, with one gallon setting them back $10.97.
Norway has the second-highest gas prices at $9.64 per gallon, followed by Denmark where gas costs an average $9.32 per gallon.
At the other end of the spectrum, Venezuelans pay just $0.08 for a gallon of gas, the cheapest prices on the planet.
Libya and Iran also pay less than a dollar per gallon of gas, with petrol costing $0.12 and $0.20, respectively.
Patrick De Haan, head of petroleum analysis for Gas Buddy, says countries with good mass transit tax gasoline
more than the U.S. In Europe, people have alternatives to driving a car. Take a train.”
Rob Smith, director of global retail fuel at S&P Global Commodity Insights, says consumers may adjust their bu
dgets to accommodate higher gas prices.