5 Countries with the Cheapest Gas Prices

4. Algeria

Price of Gas per Gallon: $1.267

Algeria imports very little energy as its domestic consumption is met by its own oil and natural gas production, which is heavily subsidized. Oil production accounts for nearly all of the North African country’s export economy, with 60% of Algeria’s entire production going towards exports. 

Last year, Algeria completed work on a crude oil refining project in Hassi Messaoud, the largest oil city in the country, to pump 60,000 barrels per day.