Why is gasoline so cheap in the

United States?

I was on a train traveling to Canne, France one afternoon and an Englishman tapped me on the shoulder. He said, “I’ve got a question for you. Why are you Americans GIVING your gas away”? I didn’t have an immediate answer for him.

I did a little research. What did I find? Yes, gasoline in the United States does sell very inexpensively compared to the rest of the world. We rank as the 42nd least expensive country out of 167 countries surveyed below when it comes to the price of gasoline/petrol. Next time you go to fill-up think about that! Maybe the British fellow was right. Maybe we are GIVING our gas away!

Do you still think gasoline is too high where you live? You could move to Venezuela or maybe Oklahoma. Those locations have the lowest gasoline prices in the world or in the United States.

If you moved to Venezuala you could fill up your tank for less than two bucks. Still like complaining about gasoline prices but DON’T want to move to Venezuela? You have options.

When I first shared this study on my website at www.randylewis.org back in 2013 I was driving a gasoline-powered car. In today’s world, 2021, I drive an electric car. A Tesla Model X sits in my garage now. Obviously, I have no gasoline expenses. I don’t even have any expenses for electricity despite owning an electric car. When I bought my Tesla Model X they were offering FREE supercharging at any of the many Tesla superchargers located across the country. That’s free supercharging for the life of my car ownership. Just lucky I guess.

“The cost of a gallon of gasoline ranks with bad weather as one of the most universal complaints. In the U.S., the price of gas is getting even more attention than usual this year as political parties each blame the other over energy policy. By the way that last statement can be used in any year because it is ALWAYS true.

What’s lost in the debate is how much the U.S. and other countries actually pay for gas, relative to one another. The ranking below sorts 167 countries by the average retail price at the pump for a liter of gasoline. This survey was done on June 21, 2021.

If you don’t want to move you could stay in the U.S. Gas prices here rank as the 42nd cheapest out of 167 countries surveyed from all over the world. Our gas is cheap! Plus folks make so much more in the U.S. compared to most countries that our gas is even a better value than our stated rank of #42.

The table below shows gasoline priced by the liter. To convert these prices to gallons simply multiply the price of one liter by 3.785.

Source: www.statisticstimes.com

Petrol prices in USD, EURO and INR
Rank	Country	Gasoline/Petrol Prices per liter			Continent
Rank	Country	USD ($)	EURO (€)	INR (₹)	Name	Rank
1	Venezuela	0.02	0.02	1.48	South America	1
2	Iran	0.07	0.06	4.82	Asia	1
3	Angola	0.25	0.21	18.48	Africa	1
4	Algeria	0.34	0.29	25.45	Africa	2
5	Kuwait	0.35	0.29	25.85	Asia	2
6	Nigeria	0.41	0.34	30.29	Africa	3
7	Turkmenistan	0.43	0.36	31.74	Asia	3
8	Kazakhstan	0.44	0.37	32.93	Asia	4
9	Ethiopia	0.49	0.41	36.53	Africa	4
10	Malaysia	0.49	0.42	36.63	Asia	5
11	Iraq	0.52	0.43	38.16	Asia	6
12	Qatar	0.52	0.44	38.69	Asia	7
13	Bahrain	0.53	0.45	39.32	Asia	8
14	Bolivia	0.54	0.46	40.28	South America	2
15	Ecuador	0.55	0.46	40.93	South America	3
16	Suriname	0.56	0.47	41.30	South America	4
17	Egypt	0.56	0.47	41.42	Africa	5
18	Haiti	0.58	0.49	42.96	North America	1
19	Azerbaijan	0.59	0.49	43.61	Europe	1
20	Oman	0.59	0.50	43.71	Asia	9
21	Colombia	0.60	0.50	44.34	South America	5
22	United Arab Emirates	0.62	0.52	45.82	Asia	10
23	Saudi Arabia	0.62	0.52	46.06	Asia	11
24	Kyrgyzstan	0.63	0.53	46.93	Asia	12
25	Afghanistan	0.66	0.56	49.04	Asia	13
26	Russia	0.68	0.57	50.03	Europe	2
27	Burma	0.68	0.57	50.11	Asia	14
28	Pakistan	0.70	0.59	52.12	Asia	15
29	Uzbekistan	0.71	0.59	52.43	Asia	16
30	Indonesia	0.74	0.62	54.67	Asia	17
31	Tunisia	0.74	0.62	55.09	Africa	6
32	Liberia	0.77	0.65	57.10	Africa	7
33	Belarus	0.78	0.65	57.73	Europe	3
34	Zambia	0.78	0.66	57.90	Africa	8
35	Sierra Leone	0.83	0.70	61.42	Africa	9
36	Trinidad & Tobago	0.85	0.71	62.82	North America	2
37	Puerto Rico	0.87	0.73	64.28	North America	3
38	Vietnam	0.89	0.75	65.82	Asia	18
39	Turkey	0.89	0.75	65.84	Europe	4
40	Botswana	0.89	0.75	65.90	Africa	10
41	Panama	0.90	0.76	66.90	North America	4
42	USA	0.90	0.76	66.94	North America	5
43	Togo	0.92	0.77	67.97	Africa	11
44	Benin	0.92	0.77	67.97	Africa	12
45	Guinea	0.92	0.77	68.07	Africa	13
46	Dominica	0.92	0.77	68.09	North America	6
47	Bhutan	0.92	0.78	68.44	Asia	19
48	Swaziland	0.92	0.78	68.49	Africa	14
49	Namibia	0.92	0.78	68.51	Africa	15
50	Guyana	0.93	0.78	68.57	South America	6
51	Sri Lanka	0.93	0.78	68.64	Asia	20
52	Chad	0.94	0.79	69.72	Africa	16
53	Georgia	0.95	0.80	70.54	Europe	5
54	Lesotho	0.96	0.81	71.37	Africa	17
55	Guatemala	0.96	0.81	71.49	North America	7
56	Tanzania	0.97	0.82	72.00	Africa	18
57	Mozambique	0.99	0.83	73.35	Africa	19
58	El Salvador	1.00	0.84	74.36	North America	8
59	DR Congo	1.00	0.84	74.46	Africa	20
60	Paraguay	1.01	0.85	74.90	South America	7
61	Argentina	1.01	0.85	75.02	South America	8
62	Peru	1.02	0.86	75.47	South America	9
63	Sudan	1.04	0.87	76.78	Africa	21
64	Bahamas	1.04	0.87	77.19	North America	9
65	Taiwan	1.04	0.88	77.26	Asia	21
66	Cambodia	1.04	0.88	77.29	Asia	22
67	Australia	1.05	0.88	77.83	Oceania	1
68	Bangladesh	1.05	0.88	77.92	Asia	23
69	Nepal	1.06	0.89	78.23	Asia	24
70	Mexico	1.07	0.90	79.46	North America	10
71	Ukraine	1.08	0.90	79.80	Europe	6
72	Rwanda	1.08	0.91	80.32	Africa	22
73	Madagascar	1.08	0.91	80.32	Africa	23
74	Ghana	1.09	0.91	80.68	Africa	24
75	Gabon	1.10	0.92	81.43	Africa	25
76	Honduras	1.10	0.93	81.75	North America	11
77	Burkina Faso	1.12	0.94	82.77	Africa	26
78	Ivory Coast	1.12	0.94	82.77	Africa	27
79	Malawi	1.12	0.94	82.78	Africa	28
80	Philippines	1.13	0.95	83.55	Asia	25
81	Nicaragua	1.13	0.95	83.65	North America	12
82	Saint Lucia	1.13	0.95	83.94	North America	13
83	Thailand	1.13	0.95	83.99	Asia	26
84	Brazil	1.13	0.95	84.01	South America	10
85	Moldova	1.14	0.96	84.38	Europe	7
86	Fiji	1.14	0.96	84.68	Oceania	2
87	Cameroon	1.14	0.96	84.79	Africa	29
88	China	1.15	0.96	85.11	Asia	27
89	Morocco	1.16	0.97	85.83	Africa	30
90	Dominican Republic	1.17	0.98	86.74	North America	14
91	South Africa	1.18	0.99	87.21	Africa	31
92	Mauritius	1.18	0.99	87.46	Africa	32
93	Costa Rica	1.19	1.00	88.00	North America	15
94	Uganda	1.20	1.00	88.62	Africa	33
95	Kenya	1.20	1.01	88.91	Africa	34
96	Cuba	1.20	1.01	88.96	North America	16
97	Laos	1.20	1.01	89.02	Asia	28
98	Burundi	1.22	1.02	90.04	Africa	35
99	Mali	1.22	1.02	90.31	Africa	36
100	Canada	1.23	1.04	91.46	North America	17
101	Jamaica	1.23	1.04	91.47	North America	18
102	Aruba	1.25	1.05	93.00	North America	19
103	Bulgaria	1.26	1.05	93.06	Europe	8
104	Curacao	1.26	1.06	93.08	North America	20
105	Chile	1.26	1.06	93.37	South America	11
106	Grenada	1.30	1.09	96.18	North America	21
107	Bosnia & Herz.	1.30	1.09	96.37	Europe	9
108	Cayman Islands	1.31	1.10	96.75	North America	22
109	Cape Verde	1.33	1.11	98.24	Africa	37
110	India	1.34	1.13	99.29	Asia	29
111	Northern Macedonia	1.34	1.13	99.59	Europe	10
112	Zimbabwe	1.35	1.13	100.13	Africa	38
113	Romania	1.35	1.14	100.31	Europe	11
114	Japan	1.37	1.15	101.83	Asia	30
115	Poland	1.39	1.17	103.09	Europe	12
116	South Korea	1.40	1.18	104.00	Asia	31
117	Senegal	1.41	1.18	104.31	Africa	39
118	Albania	1.41	1.18	104.40	Europe	13
119	Andorra	1.42	1.19	105.04	Europe	14
120	Seychelles	1.42	1.19	105.43	Africa	40
121	Jordan	1.43	1.20	105.61	Asia	32
122	Lebanon	1.44	1.21	106.80	Asia	33
123	Slovenia	1.44	1.21	107.07	Europe	15
124	Syria	1.46	1.22	107.97	Asia	34
125	Hungary	1.46	1.23	108.29	Europe	16
126	Lithuania	1.46	1.23	108.48	Europe	17
127	Cyprus	1.49	1.25	110.16	Europe	18
128	Uruguay	1.49	1.26	110.76	South America	12
129	Austria	1.51	1.27	111.84	Europe	19
130	Czech Republic	1.52	1.27	112.33	Europe	20
131	Yemen	1.52	1.28	112.69	Asia	35
132	Belize	1.53	1.29	113.56	North America	23
133	Luxembourg	1.57	1.32	116.34	Europe	21
134	Serbia	1.57	1.32	116.72	Europe	22
135	Latvia	1.58	1.33	117.31	Europe	23
136	Montenegro	1.58	1.33	117.40	Europe	24
137	Wallis and Futuna	1.59	1.33	117.68	Oceania	3
138	Malta	1.60	1.34	118.28	Europe	25
139	New Zealand	1.63	1.37	120.50	Oceania	4
140	Spain	1.63	1.37	120.84	Europe	26
141	Slovakia	1.63	1.37	120.93	Europe	27
142	Croatia	1.63	1.37	120.95	Europe	28
143	Switzerland	1.70	1.43	125.78	Europe	29
144	Estonia	1.70	1.43	125.87	Europe	30
145	Liechtenstein	1.73	1.45	127.90	Europe	31
146	Belgium	1.74	1.46	129.05	Europe	32
147	Singapore	1.76	1.48	130.66	Asia	36
148	Ireland	1.77	1.48	130.82	Europe	33
149	Germany	1.78	1.49	131.61	Europe	34
150	San Marino	1.80	1.51	133.38	Europe	35
151	Mayotte	1.82	1.53	135.05	Africa	41
152	United Kingdom	1.82	1.53	135.22	Europe	36
153	France	1.83	1.54	135.85	Europe	37
154	Sweden	1.91	1.60	141.46	Europe	38
155	Italy	1.92	1.61	142.06	Europe	39
156	Barbados	1.92	1.62	142.62	North America	24
157	Israel	1.94	1.63	143.79	Asia	37
158	Greece	1.94	1.63	143.79	Europe	40
159	Portugal	1.94	1.63	143.97	Europe	41
160	Finland	1.94	1.63	143.97	Europe	42
161	Iceland	1.95	1.64	144.39	Europe	43
162	Monaco	1.95	1.64	144.59	Europe	44
163	Denmark	1.96	1.65	145.56	Europe	45
164	Norway	2.05	1.72	152.13	Europe	46
165	Netherlands	2.13	1.79	157.74	Europe	47
166	Central African Rep.	2.18	1.83	161.50	Africa	42
167	Hong Kong	2.50	2.10	185.60	Asia	38

AAA gas prices state by state – 11/4/21

National average – $3.42/gallon

Source: AAA Gas Prices

Below is a table ranking states by their average price of a regular gallon of gasoline. For the longest time, Hawaii had the highest gas prices. Not any more. Now my home state of California does.

We are doing everything we can with high gas prices and astronomical housing prices to discourage people from coming to the Golden State. Despite all of these attempts, they keep coming and coming. Are 12 months of sunshine really that valuable? What makes the price of housing in California so expensive? Demand baby! It’s all about supply and demand.

I just got this advertisement from a local realtor this week. Sorry the text isn’t more readable. They are offering a 1,003 (not a typo) square foot home with two bedrooms and one bath, a few blocks from the beach for the paltry sum of $1.9 (ONE MILLION NINE HUNDRED THOUSAND DOLLARS). How can a property like this sell for a price like this? Location? Location? Location? It’s all about supply and demand. The demand is outstripping supply by a wide margin. That’s happening everywhere but it’s happening even stronger in California as evidenced by the highest home prices in the country.

If California were a country it would have the 5th largest world economy ranking just ahead of India and just behind Germany. If California were a country its average price per LITER of gasoline would be $1.22. California’s gasoline would still rank it close to the middle of the country pack at #98 tied with Burundi and Mali.

STATE GAS PRICE AVERAGES

State	Regular	Mid-Grade	Premium	Diesel
California	$4.619	$4.801	$4.925	$4.757
Hawaii	$4.335	$4.524	$4.777	$4.653
Nevada	$3.953	$4.175	$4.354	$3.949
Washington	$3.876	$4.096	$4.269	$3.867
Oregon	$3.778	$3.959	$4.151	$3.788
Utah	$3.729	$3.931	$4.112	$3.976
Alaska	$3.723	$3.876	$4.064	$3.540
Idaho	$3.705	$3.900	$4.078	$3.974
Illinois	$3.615	$3.946	$4.335	$3.643
District of Columbia	$3.603	$4.087	$4.219	$3.709
Pennsylvania	$3.571	$3.883	$4.170	$3.975
Arizona	$3.564	$3.823	$4.081	$3.817
New York	$3.554	$3.845	$4.079	$3.748
Connecticut	$3.534	$3.816	$4.050	$3.693
Wyoming	$3.514	$3.736	$3.963	$3.746
Colorado	$3.513	$3.841	$4.128	$3.488
New Jersey	$3.454	$3.806	$3.980	$3.701
Vermont	$3.428	$3.678	$3.935	$3.594
Maine	$3.413	$3.707	$3.956	$3.566
Montana	$3.410	$3.662	$3.931	$3.693
Rhode Island	$3.401	$3.720	$3.967	$3.585
Massachusetts	$3.391	$3.660	$3.877	$3.549
Maryland	$3.379	$3.785	$4.040	$3.610
New Mexico	$3.369	$3.656	$3.921	$3.612
Indiana	$3.368	$3.658	$3.981	$3.698
Delaware	$3.357	$3.717	$3.974	$3.592
New Hampshire	$3.351	$3.651	$3.920	$3.509
West Virginia	$3.337	$3.618	$3.911	$3.664
South Dakota	$3.323	$3.423	$3.780	$3.526
Michigan	$3.301	$3.597	$3.933	$3.538
Florida	$3.298	$3.647	$3.952	$3.578
Virginia	$3.294	$3.660	$3.980	$3.554
Ohio	$3.287	$3.559	$3.893	$3.657
Georgia	$3.252	$3.582	$3.914	$3.531
North Carolina	$3.250	$3.594	$3.940	$3.529
Nebraska	$3.226	$3.325	$3.678	$3.455
Alabama	$3.210	$3.530	$3.855	$3.476
North Dakota	$3.209	$3.419	$3.634	$3.527
Iowa	$3.207	$3.338	$3.742	$3.483
Minnesota	$3.187	$3.400	$3.721	$3.500
South Carolina	$3.177	$3.528	$3.846	$3.459
Louisiana	$3.168	$3.472	$3.792	$3.339
Wisconsin	$3.157	$3.472	$3.862	$3.461
Tennessee	$3.155	$3.490	$3.812	$3.459
Missouri	$3.131	$3.382	$3.652	$3.358
Kentucky	$3.128	$3.450	$3.756	$3.413
Kansas	$3.123	$3.377	$3.621	$3.397
Mississippi	$3.102	$3.402	$3.717	$3.327
Texas	$3.075	$3.392	$3.683	$3.321
Arkansas	$3.074	$3.372	$3.658	$3.418
Oklahoma	$3.042	$3.303	$3.534	$3.307

The archives!

Finance, Travel and Everyday Life past postings…

Randy’s 21 Rules for a Good Old Age
The best things to do at any age of your life.

Randy’s Financial Plan of a Lifetime…2021
This is the financial plan that I’ve stuck with through more than 19 years of retirement.

Canada travel? An unmitigated disaster!
The cons and pros of making an international trip while managing Covid restrictions.

Am I losing it?
The ongoing challenge to manage the simplest things when the simplest things don’t seem to want to be managed.

Indonesia…the adventure
The value of spending time with people who don’t look like you and didn’t grow up like you did and who are as nice as pie.

I got Covid
My experience with catching Covid after being fully vaccinated.

Get off your butt and do this!
All of the really good reasons to increase your cash flow with an interest-only mortgage.

This group’s Covid predictions from five months ago!
Recapping reader’s predictions for Covid outcomes from five months ago.

I’m getting $600,000. Do you want your share?
How you can create hundreds of thousands of free cash by just being financially smart.

Randy’s simple advice on how to create cash…one day at time!
I explain our household budgeting results and the value of having solar panels.

NASCAR Bristol on dirt PLUS NCAA March Madness from Indy
The travel adventure to do of the biggest sporting events in the country.

Busted for drugs! Breaking and entering! Transporting minors across state lines!
Big event. No ticket. Time to live by my wits.

Are you open minded? Would you buy an electric car?
It’s only a matter of time. You WILL buy an electric car or you will die. I hope you buy the electric car.

Readers respond! Covid experiences and predictions for the future!
Just like it says…readers give me their Covid experiences up to this point and their Covid predictions for the future.

Covid today and tomorrow…I’m asking you to predict the future!
From time to time, I ask for your help. What’s the future for Covid?

How does TurboTax and nearly being killed by the Germans tie together?
The government pays some of my mortgage. I now use TurboTax and I still fondly remember Ruth Schmidt’s dad.

I’ve been fired! I’ve been kicked out! I’ve had to quit!
The day I was asked to leave the Procter & Gamble Google group. That was a good day!

Why do our friends say to my wife, “Poor Carol!”?
If you don’t know my wife Carol and me then “Poor Carol” might not resonate. If you do know us then “Poor Carol” makes all the sense in the world.

This is my social security strategy…should it be yours?
Did you take social security at age 62? You did the right thing.

France, ice racing, pizza, car museums…how do you do a trip like this?
Come with me on a trip to France. See how I make these trips. Do I do it differently that you?

‘Twas the night before Christmas, my Christmas message to you!
Just to be clear…we are not all in the same boat. My year in review with pictures.

How many of my Facebook friends would lend me a dollar?
My experiences are a bit different than most. Why? I can’t explain. This is my world and they know me here.

Covid experiences from readers located all over the U.S. and the world
The readers tell me about their Covid experiences.

Covid….Past….Present….and in the Future
I ask the readers…What have you BEEN doing with Covid, what are you doing NOW and what you plan to do in the FUTURE as regards the COVID-19 pandemic.

So you wanna buy a new car!
You can lead a horse to water but you can’t make him drink. The best I can do is explain the best way to buy a new car. From there it’s on you.

Sweden touring plus Swedish ice racing…my last international trip before COVID
I went to Sweden. Had a great time. Then when I returned home it was all Covid…all the time.

What’s easier? Picking NFL game winners or presidential election winners?
Presidential election winners. Importantly, I pick the winners before the election!

Oh my gosh! I was having a bad day!
Priority Pass; Tesla Superchargers; a bad GPS plan; NIMS people; Wisconsin beer drinkers; tornados…and then my hotel was closed. Yep. A bad day.

Why me? Why did they choose me to receive the 2020 presidential election results the day BEFORE the election?
I do not think of myself as special. Nevertheless, why did they pick ME to see the election results before the election?

Patted down, checked for weapons, put in the back seat of a Ohio State Patrol police car and taken away…
I don’t exactly travel as others do. I actually was patted down, checked for weapons, put in the back seat of an Ohio State patrol police car and taken away…I loved every minute of the adventure.

How to get a free iPhone 12!!!!
I got a free iPhone 12. Did you? All you need to do to be successful is to follow my plan from beginning to end.

The Financial Plan of a Lifetime – 2020
Here I update my financial results for my FY 2019-2020. In 19 years, I have achieved an 8.6% annualized return on investment. As Dizzy Dean always said, “It ain’t braggin’ if it’s true or you can do it.”

South Korea….one of my most unusual last minute experiences
I have a lot of very unusual travel experiences. None were more unusual or uncertain than my trip to South Korea.

Do you have random thoughts?
I do. Check out the innermost thoughts that seem to appear randomly in my mind.

Belarus….in the news!
Traveling to Eastern Europe is a mostly undiscovered pleasure. The food is great, the people are friendly…and it don’t cost much.

When you go to bed at night do you pray for rampant inflation?
If I could have just one financial wish granted it would be for rampant inflation. Why? I’m prepared for when big inflation comes our way. I am patiently waiting.

Psst. I know who’s going to win the 2020 presidential election
I don’t care for either political party…but I’m pretty good at gambling. I knew who would win the election…before the election!

India – Part 3….read this and you’ll feel like YOU went to India!
The World Formula 1 Indian Gran Prix, and one unique experience after another. One of our best-ever trips.

India…..Part 2…..The First Half of the Adventure to the Most Unusual Country We Have Ever Visited
Good food. Super luxurious places to stay and a great personal driver. We really had it all.

India – Part 1….the planning stage
We have traveled to nearly 100 countries. India was the most unusual. I had some excellent pre-planning help from the U.K.

The Aftermath of the Minneapolis Protests and Riots
I took a quick trip to downtown Minneapolis. Don’t miss my pictorial review of that special trip.

Household budgeting….you know you need it
Don’t want to use a household budget? Sorry, then. I can’t help you. If you’ve got a big inheritance coming don’t worry about it.

COVID-19 feedback after 3-4 months of living with it
Folks provide their feedback in the beginning stages of the Covid battle.

COVID-19. It’s Been Four Months. What’s Next? What’s Your Plan?
Four months after Covid first hit our shores…I asked you what your plan was.

My best idea yet! Borrow big! Manage your buckets!
This is a quiet little secret that so many people don’t get. People want to pay off their loans. Oh my. Borrow at low rates; keep your money and invest it at higher rates. Retire early with cash coming out of your ears.

And the readers respond…plus a trip to Argentina
And then there was the trip to Argentina with the three Catholic nuns….and the Englishman who was living in Argentina but was heading to Brazil…. and the part about my riding in a taxi at high speeds down the rain-slicked streets of Buenos Aires with a female Russian lawyer in the back seat with me.

I see social unrest coming
Folks, the biggest problem we have is income inequality. The solution is not to make sure you have enough. When others don’t you WILL be affected.

My $231,000 idea could be yours too
Get a lower interest rate; borrow more money and find a bank that will annuitize your assets.

Refinancing and hoarding…a good combination?
I’m a hoarder and I’m lazy. I’m not above bribing people either. All of this comes to the forefront when the home appraiser is paying a visit.

How to get the best deal on satellite radio
This one was really simple. Follow my lead and getting the lowest price on satellite radio will always be “Simple Simon”.

This Is What People Have Been Doing To Fight COVID-19 During The Past Two Months
Readers share their Covid strategies. I was surprised at the disciple so many people were showing in their defense against Covid.

Covid-19 How are you handling things?
I ask readers to share what they have been doing to avoid catching Covid.

I needed a haircut…but I bought an iPad
A message about being open to new ideas…and being nice to people.

What Peter says about Sally tells you more about Peter than Sally
This is really all you need to know. Once you know why people say what they say then you have life figured out. It’s all about the “why”.

Why are gas prices so cheap in the U.S.?

STATE GAS PRICE AVERAGES

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