But when coupled with an $8 average daily wage, Nigeria’s gas becomes the 4th least affordable in the world. On the other end of the spectrum, Nigeria, Africa’s leading oil producer, boasts the 7th cheapest gas prices in the world at $1.94 a gallon. This combination means that Norway’s high prices are the 10th most affordable in the world. For example, Norway’s gasoline price of $6.53 a gallon is the third highest in the world, but its average citizen earns nearly $200 a day.

In high-wage nations, expensive gas prices are by and large affordable for the population. A recent Bloomberg report compared gas prices in different counties to the average national paycheck to find where gas really is the most, and least, affordable. In order to determine the affordability of gasoline (or any other product), you have to compare the price to income. But the nominal price of gasoline doesn’t provide a complete picture of how expensive the fuel really is in a given country. In the rest of the world, gas prices tend to be higher. But in the last few years, low gas prices have given millions of drivers extra money to spend or save. consumes more gasoline than any other country, and the average household spends about $2,000 a year on gas.

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