# Countries with Gas Under $2 Per Gallon

> 8 countries pay less than $2 for gas per gallon, including Libya at $0.088.
- Title: Countries with Gas Under $2 Per Gallon · Jalopnik | Shortify
- Summary: 8 countries pay less than $2 for gas per gallon, including Libya at $0.088. Libya, Iran, and Venezuela offer gas under $2 per gallon due to subsidies and oil…
- Keywords: libya, iran, venezuela, angola, kuwait, algeria, turkmenistan, egypt, gas, oil, subsidies, price
- Source: Jalopnik — https://jalopnik.com/2282693/countries-where-gas-costs-less-than-2
- Author: Chloe Clougher
- Published: 2026-10-12T11:25:00+00:00
- Read time: 1 min
- Topics: libya, iran, venezuela, angola, kuwait, algeria, turkmenistan, egypt, gas, oil, subsidies, price
## Gas Prices Under $2
Eight countries pay less than $2 per gallon for gas, including Libya at $0.088.
## Subsidies Drive Low Prices
Libya spends $7 billion yearly on fuel subsidies, while Iran offers $0.047 per gallon for first 15 gallons.
## Oil Reserves Help Prices
Iran holds nearly 25% of Middle East oil reserves, Kuwait has 6% of global reserves, and Venezuela has the world's largest.
## Cheap Gas Linked to Chaos
Up to 30% of Libya's subsidized gas is smuggled out, and Iran's 2019 price hikes caused over 300 deaths.
## Key takeaway

Libya, Iran, and Venezuela offer gas under $2 per gallon due to subsidies and oil reserves.