U. S. gasoline prices reached an all-time high recently, pushing through the $4 a gallon level to hit $4.17 on March 7. One could argue that the previous peak gas price of $4.11 set on July 18, 2008, was higher when inflation is taken into account. The two dates share something in common. Each was set in a period when crude oil prices topped $100 a barrel.
Gasoline prices are increasing not just in the U.S. but in many countries worldwide, and the country where gas prices are soaring is Sudan. (In the U.S., these are the states where gas prices are rising fastest.)
The recent rise in gas prices was relatively sudden. The average price for a gallon of regular nationwide was $2.86 a year ago, according to the American Automobile Association. The price of oil has risen from $58 a barrel a year ago.
Oil prices increased mostly due to the current geopolitical situation. Russia’s invasion of Ukraine triggered an international boycott of Russian crude. Russia is the third largest exporter of crude after the United Arab Emirates and Saudi Arabia. This, in turn, has lowered supply while global demand has not changed, causing crude prices to spike.Â
Nations have scrambled to find new sources of crude. The situation in the U.K. and Europe is particularly dire because European countries have relied so heavily on Russian oil supplies. The U.S. is a major crude producer, but it will take weeks, if not months, to ship additional oil to Europe. European Union leaders have asked OPEC members to boost production, and at least one, the United Arab Emirates, is open to the idea. However, as is the case with the U.S., this cannot be done overnight. Globally, the oil shortage may last for months.
The effects on gas prices by country are radically different. While gas prices have risen by double-digit percentages in some nations from early 2021, prices in other countries, like major oil producers Mexico and Kuwait, have barely budged at all.Â
To find the countries where gas prices are soaring, 24/7 Wall St. reviewed Global Petrol Prices data on gas prices in 135 countries. Countries were ranked by the percent change in the price per gallon of gas from March 1, 2021, to March 7, 2022. Fuel import data for 2020 came from the World Bank.
The nation where gas prices have increased the most over that period is Sudan, where gas prices have risen 150%, according to Global Petrol Prices. It is among the countries with the lowest gross domestic product per capita. Several other poor countries are among the countries where gasoline prices have risen fastest, including Afghanistan, Botswana, and Guatemala.Â
Sudan’s gas price increase is based on a decision by its government to drop subsidies. Whatever the reason, it is bound to put a significant burden on the nation’s residents. (These are the U.S. states with the highest gas taxes.)
Finally, it is worth noting that if the global oil supply continues to be interrupted, the rise in gas prices may not be over.
Click here to see the countries where gas prices are soaring
Source: Mustang_79 / Getty Images
50. Austria
> Rise in gas prices, March 1, 2021 to March 7, 2022: +29.23%
> Gas price, March 7, 2022: $6.95/gallon
> Gas price, March 1, 2021: $5.38/gallon
> Fuel imports: 5.73% of all merchandise imports
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Source: Jui-Chi Chan / Getty Images
49. Singapore
> Rise in gas prices, March 1, 2021 to March 7, 2022: +29.29%
> Gas price, March 7, 2022: $8.31/gallon
> Gas price, March 1, 2021: $6.42/gallon
> Fuel imports: 14.94% of all merchandise imports
Source: Isono / Getty Images
48. Mozambique
> Rise in gas prices, March 1, 2021 to March 7, 2022: +29.31%
> Gas price, March 7, 2022: $4.09/gallon
> Gas price, March 1, 2021: $3.16/gallon
> Fuel imports: 15.18% of all merchandise imports
Source: Robert CHG / Getty Images
47. New Zealand
> Rise in gas prices, March 1, 2021 to March 7, 2022: +29.66%
> Gas price, March 7, 2022: $8.03/gallon
> Gas price, March 1, 2021: $6.19/gallon
> Fuel imports: 8.51% of all merchandise imports
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Source: Seqoya / Getty Images
46. Turkey
> Rise in gas prices, March 1, 2021 to March 7, 2022: +30.21%
> Gas price, March 7, 2022: $4.94/gallon
> Gas price, March 1, 2021: $3.80/gallon
> Fuel imports: 4.96% of all merchandise imports
Source: Ben1183 / Getty Images
45. South Africa
> Rise in gas prices, March 1, 2021 to March 7, 2022: +30.35%
> Gas price, March 7, 2022: $5.24/gallon
> Gas price, March 1, 2021: $4.02/gallon
> Fuel imports: 13.96% of all merchandise imports
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Source: ruffraido / Getty Images
44. Ghana
> Rise in gas prices, March 1, 2021 to March 7, 2022: +30.55%
> Gas price, March 7, 2022: $4.61/gallon
> Gas price, March 1, 2021: $3.53/gallon
> Fuel imports: 2.86% of all merchandise imports
Source: africanpix / Getty Images
43. Australia
> Rise in gas prices, March 1, 2021 to March 7, 2022: +30.58%
> Gas price, March 7, 2022: $5.09/gallon
> Gas price, March 1, 2021: $3.90/gallon
> Fuel imports: 8.13% of all merchandise imports
Source: Devilkae / Getty Images
42. Nepal
> Rise in gas prices, March 1, 2021 to March 7, 2022: +30.73%
> Gas price, March 7, 2022: $4.62/gallon
> Gas price, March 1, 2021: $3.54/gallon
> Fuel imports: 17.41% of all merchandise imports
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Source: Greg Sullavan / Getty Images
41. Bosnia and Herzegovina
> Rise in gas prices, March 1, 2021 to March 7, 2022: +30.76%
> Gas price, March 7, 2022: $5.97/gallon
> Gas price, March 1, 2021: $4.57/gallon
> Fuel imports: 9.68% of all merchandise imports
Source: KavalenkavaVolha / Getty Images
40. Latvia
> Rise in gas prices, March 1, 2021 to March 7, 2022: +31.21%
> Gas price, March 7, 2022: $7.56/gallon
> Gas price, March 1, 2021: $5.76/gallon
> Fuel imports: 6.22% of all merchandise imports
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Source: KavalenkavaVolha / Getty Images
39. Estonia
> Rise in gas prices, March 1, 2021 to March 7, 2022: +31.27%
> Gas price, March 7, 2022: $8.01/gallon
> Gas price, March 1, 2021: $6.10/gallon
> Fuel imports: 11.16% of all merchandise imports
Source: LUKASZ-NOWAK1 / iStock via Getty Images
38. Kyrgyz Republic
> Rise in gas prices, March 1, 2021 to March 7, 2022: +32.41%
> Gas price, March 7, 2022: $2.54/gallon
> Gas price, March 1, 2021: $1.92/gallon
> Fuel imports: 14.29% of all merchandise imports
Source: tobiasjo / Getty Images
37. Fiji
> Rise in gas prices, March 1, 2021 to March 7, 2022: +32.41%
> Gas price, March 7, 2022: $4.90/gallon
> Gas price, March 1, 2021: $3.70/gallon
> Fuel imports: 19.03% of all merchandise imports
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Source: Donyanedomam / Getty Images
36. Paraguay
> Rise in gas prices, March 1, 2021 to March 7, 2022: +32.46%
> Gas price, March 7, 2022: $4.57/gallon
> Gas price, March 1, 2021: $3.45/gallon
> Fuel imports: 12.37% of all merchandise imports
Source: diegograndi / Getty Images
35. Canada
> Rise in gas prices, March 1, 2021 to March 7, 2022: +32.56%
> Gas price, March 7, 2022: $5.61/gallon
> Gas price, March 1, 2021: $4.23/gallon
> Fuel imports: 4.95% of all merchandise imports
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Source: AdemarRangel / Getty Images
34. Angola
> Rise in gas prices, March 1, 2021 to March 7, 2022: +32.68%
> Gas price, March 7, 2022: $1.28/gallon
> Gas price, March 1, 2021: $0.96/gallon
> Fuel imports: 14.12% of all merchandise imports
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Source: narvikk / Getty Images
33. Bhutan
> Rise in gas prices, March 1, 2021 to March 7, 2022: +32.90%
> Gas price, March 7, 2022: $4.24/gallon
> Gas price, March 1, 2021: $3.19/gallon
> Fuel imports: 18.42% of all merchandise imports
Source: dbvirago / Getty Images
32. Aruba
> Rise in gas prices, March 1, 2021 to March 7, 2022: +32.91%
> Gas price, March 7, 2022: $5.49/gallon
> Gas price, March 1, 2021: $4.13/gallon
> Fuel imports: 4.85% of all merchandise imports
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Source: Lukas Bischoff / iStock via Getty Images
31. Uzbekistan
> Rise in gas prices, March 1, 2021 to March 7, 2022: +33.13%
> Gas price, March 7, 2022: $3.38/gallon
> Gas price, March 1, 2021: $2.54/gallon
> Fuel imports: 5.47% of all merchandise imports
Source: tawatchaiprakobkit / Getty Images
30. Indonesia
> Rise in gas prices, March 1, 2021 to March 7, 2022: +33.58%
> Gas price, March 7, 2022: $3.39/gallon
> Gas price, March 1, 2021: $2.54/gallon
> Fuel imports: 11.15% of all merchandise imports
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Source: Robert_Ford / Getty Images
29. Malawi
> Rise in gas prices, March 1, 2021 to March 7, 2022: +33.93%
> Gas price, March 7, 2022: $5.41/gallon
> Gas price, March 1, 2021: $4.04/gallon
> Fuel imports: 7.94% of all merchandise imports
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Source: Calin Stan / Getty Images
28. Moldova
> Rise in gas prices, March 1, 2021 to March 7, 2022: +34.19%
> Gas price, March 7, 2022: $5.32/gallon
> Gas price, March 1, 2021: $3.96/gallon
> Fuel imports: 7.74% of all merchandise imports
Source: Jules93 / Getty Images
27. Bahamas
> Rise in gas prices, March 1, 2021 to March 7, 2022: +34.46%
> Gas price, March 7, 2022: $5.29/gallon
> Gas price, March 1, 2021: $3.93/gallon
> Fuel imports: 16.56% of all merchandise imports
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Source: sfabisuk / Getty Images
26. Bulgaria
> Rise in gas prices, March 1, 2021 to March 7, 2022: +34.90%
> Gas price, March 7, 2022: $5.87/gallon
> Gas price, March 1, 2021: $4.35/gallon
> Fuel imports: 8.48% of all merchandise imports
Source: cookelma / Getty Images
25. Norway
> Rise in gas prices, March 1, 2021 to March 7, 2022: +35.46%
> Gas price, March 7, 2022: $10.19/gallon
> Gas price, March 1, 2021: $7.53/gallon
> Fuel imports: 4.34% of all merchandise imports
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Source: nantonov / Getty Images
24. Czech Republic
> Rise in gas prices, March 1, 2021 to March 7, 2022: +36.82%
> Gas price, March 7, 2022: $6.93/gallon
> Gas price, March 1, 2021: $5.07/gallon
> Fuel imports: 3.55% of all merchandise imports
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Source: brupsilva / iStock via Getty Images
23. Uruguay
> Rise in gas prices, March 1, 2021 to March 7, 2022: +37.55%
> Gas price, March 7, 2022: $6.63/gallon
> Gas price, March 1, 2021: $4.82/gallon
> Fuel imports: 11.35% of all merchandise imports
Source: Isabel_HP / Getty Images
22. Jamaica
> Rise in gas prices, March 1, 2021 to March 7, 2022: +38.36%
> Gas price, March 7, 2022: $5.49/gallon
> Gas price, March 1, 2021: $3.97/gallon
> Fuel imports: 18.77% of all merchandise imports
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Source: dennisvdw / Getty Images
21. Puerto Rico
> Rise in gas prices, March 1, 2021 to March 7, 2022: +39.17%
> Gas price, March 7, 2022: $4.30/gallon
> Gas price, March 1, 2021: $3.09/gallon
> Fuel imports: N/A
Source: Tiago_Fernandez / Getty Images
20. Namibia
> Rise in gas prices, March 1, 2021 to March 7, 2022: +40.20%
> Gas price, March 7, 2022: $4.22/gallon
> Gas price, March 1, 2021: $3.01/gallon
> Fuel imports: 8.43% of all merchandise imports
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Source: Yuri de Mesquita Bar / Getty Images
19. Brazil
> Rise in gas prices, March 1, 2021 to March 7, 2022: +40.50%
> Gas price, March 7, 2022: $4.87/gallon
> Gas price, March 1, 2021: $3.47/gallon
> Fuel imports: 10.06% of all merchandise imports
Source: Jeff_Cagle / iStock via Getty Images
18. Laos
> Rise in gas prices, March 1, 2021 to March 7, 2022: +40.61%
> Gas price, March 7, 2022: $5.61/gallon
> Gas price, March 1, 2021: $3.99/gallon
> Fuel imports: 15.98% of all merchandise imports
Source: vikau / Getty Images
17. Lithuania
> Rise in gas prices, March 1, 2021 to March 7, 2022: +41.54%
> Gas price, March 7, 2022: $7.60/gallon
> Gas price, March 1, 2021: $5.37/gallon
> Fuel imports: 11.22% of all merchandise imports
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Source: RossHelen / Getty Images
16. Liechtenstein
> Rise in gas prices, March 1, 2021 to March 7, 2022: +41.67%
> Gas price, March 7, 2022: $8.94/gallon
> Gas price, March 1, 2021: $6.31/gallon
> Fuel imports: N/A
Source: hartmanc10 / Getty Images
15. El Salvador
> Rise in gas prices, March 1, 2021 to March 7, 2022: +41.68%
> Gas price, March 7, 2022: $4.61/gallon
> Gas price, March 1, 2021: $3.25/gallon
> Fuel imports: 10.33% of all merchandise imports
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Source: SL_Photography / Getty Images
14. Panama
> Rise in gas prices, March 1, 2021 to March 7, 2022: +44.55%
> Gas price, March 7, 2022: $4.02/gallon
> Gas price, March 1, 2021: $2.78/gallon
> Fuel imports: 9.05% of all merchandise imports
Source: alessandro_pinto / Getty Images
13. Ecuador
> Rise in gas prices, March 1, 2021 to March 7, 2022: +45.26%
> Gas price, March 7, 2022: $2.55/gallon
> Gas price, March 1, 2021: $1.76/gallon
> Fuel imports: 15.81% of all merchandise imports
Source: sasacvetkovic33 / Getty Images
12. Afghanistan
> Rise in gas prices, March 1, 2021 to March 7, 2022: +46.24%
> Gas price, March 7, 2022: $3.32/gallon
> Gas price, March 1, 2021: $2.27/gallon
> Fuel imports: 22.70% of all merchandise imports
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Source: GCShutter / Getty Images
11. United States
> Rise in gas prices, March 1, 2021 to March 7, 2022: +46.52%
> Gas price, March 7, 2022: $4.46/gallon
> Gas price, March 1, 2021: $3.04/gallon
> Fuel imports: 5.40% of all merchandise imports
Source: Palenque / Getty Images
10. Botswana
> Rise in gas prices, March 1, 2021 to March 7, 2022: +47.81%
> Gas price, March 7, 2022: $4.10/gallon
> Gas price, March 1, 2021: $2.77/gallon
> Fuel imports: 13.01% of all merchandise imports
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Source: BartCo / E+ via Getty Images
9. Lesotho
> Rise in gas prices, March 1, 2021 to March 7, 2022: +50.12%
> Gas price, March 7, 2022: $4.57/gallon
> Gas price, March 1, 2021: $3.04/gallon
> Fuel imports: 8.81% of all merchandise imports
Source: dibrova / Getty Images
8. Seychelles
> Rise in gas prices, March 1, 2021 to March 7, 2022: +50.73%
> Gas price, March 7, 2022: $5.84/gallon
> Gas price, March 1, 2021: $3.87/gallon
> Fuel imports: 16.04% of all merchandise imports
Source: Chaiyaporn1144 / Getty Images
7. Vietnam
> Rise in gas prices, March 1, 2021 to March 7, 2022: +50.76%
> Gas price, March 7, 2022: $4.53/gallon
> Gas price, March 1, 2021: $3.01/gallon
> Fuel imports: 4.94% of all merchandise imports
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Source: SL_Photography / iStock via Getty Images
6. Guatemala
> Rise in gas prices, March 1, 2021 to March 7, 2022: +51.63%
> Gas price, March 7, 2022: $4.94/gallon
> Gas price, March 1, 2021: $3.26/gallon
> Fuel imports: 11.82% of all merchandise imports
Source: NAPA74 / iStock via Getty Images
5. Dominica
> Rise in gas prices, March 1, 2021 to March 7, 2022: +53.26%
> Gas price, March 7, 2022: $3.48/gallon
> Gas price, March 1, 2021: $2.27/gallon
> Fuel imports: 22.13% of all merchandise imports
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Source: JandaliPhoto / Getty Images
4. United Arab Emirates
> Rise in gas prices, March 1, 2021 to March 7, 2022: +55.21%
> Gas price, March 7, 2022: $3.21/gallon
> Gas price, March 1, 2021: $2.07/gallon
> Fuel imports: 17.19% of all merchandise imports
Source: Tamer_Desouky / Getty Images
3. Zimbabwe
> Rise in gas prices, March 1, 2021 to March 7, 2022: +71.14%
> Gas price, March 7, 2022: $8.15/gallon
> Gas price, March 1, 2021: $4.76/gallon
> Fuel imports: 16.13% of all merchandise imports
Source: SeanPavonePhoto / iStock via Getty Images
2. Burma
> Rise in gas prices, March 1, 2021 to March 7, 2022: +85.94%
> Gas price, March 7, 2022: $4.91/gallon
> Gas price, March 1, 2021: $2.64/gallon
> Fuel imports: 15.14% of all merchandise imports
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Source: Mina_Fouad / Getty Images
1. Sudan
> Rise in gas prices, March 1, 2021 to March 7, 2022: +150.92%
> Gas price, March 7, 2022: $3.60/gallon
> Gas price, March 1, 2021: $1.43/gallon
> Fuel imports: 9.90% of all merchandise imports
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