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Gasoline price in Canada and other countries

PicodiJuly 29, 2019

How many litres of gasoline can you buy with an average salary in the Americas and around the world?

Gasoline price is dependent on many different factors such as crude oil prices on the international markets or taxes or margins established by gas stations’ owners. The value of 1 litre of gasoline at the retail point of sale may change overnight, in some countries even by the hour.

Bearing in mind the fuel market instability, Picodi Analysis Team decided to analyse how many litres of gasoline you can buy with the average wage in Canada and other American countries. For this purpose, we researched the average fuel prices in the first half of 2019 and cross-referenced them with the latest average wages in respective countries. As our study shows, possessing a rich supply of natural resources does not always mean that gasoline will be more accessible for an average consumer.

In search of cheaper gasoline


(Click the arrows to see data from other 21 countries)

In our region, the cheapest gasoline can be found in Venezuela where 1 litre costs $0.000000002. With the average salary amounting to around $29 we could buy… over 14 billions of litres. But do the citizens of a country haunted by crisis and inflation have reasons to triumph?

The actual best ratio of gasoline price to the average salary in our part of the world can be observed in the United States, a country where a huge amount of oil is produced. The average wage there is enough to buy 3783 litres of liquid gold.

Canada (3rd place) is a country where you can get 2511 litres of gasoline with the average salary. An average Canadian places higher than an average Puerto Rican (4th place with 2206 litres) or Bolivian (5th place with 1607 litres).

Lower in the ranking are countries like Paraguay, Nicaragua or Dominican Republic. In these places, the average salary allows for buying around 300 litres of gasoline, which is only 6 per cent of the American ranking leader’s capacity. Still, the most disadvantaged are Cubans who can buy only 26 litres of gasoline with their average salary.

World’s gasoline tycoons

(hover the mouse over a country to see the basic information)

In search of the highest indicator illustrating the amount of purchased gasoline, we analysed prices and wages in over 100 countries on 6 continents.

The leaders of the ranking are the Persian Gulf countries. In Qatar, Kuwait and the United Arab Emirates, the price of 1 litre is around $0.4–0.6 and with the average salary we can buy there from 4900 to 6500 litres of gasoline.

The high positions of countries like the United States and Canada can be explained not only by high salaries but also the amount of extracted oil. Switzerland and Luxembourg stand out with high incomes only.

The lowest amount of gasoline can be bought in Madagascar (42 litres), Tajikistan (131 litres) and Zambia (137 litres).

One interesting example is Nigeria. Although it is a country extracting and exporting considerable amounts of oil and with one of the lowest prices per litre ($0.40), the really low average wage amounting to $201 does not allow its citizens for buying a big amount of gasoline (501 litres).

Methodology

This report uses the average net wages according to the latest available data provided by offices for national statistics or relevant ministries. The average prices for the first half of 2019 in over 100 countries are based on data from globalpetrolprices.com and other local sources. In order to obtain the number of litres, we divided the average wage by the average price of 1 litre of gasoline. For currency conversion, we used the average exchange rate for the last 90 days.

Public use

Are you willing to share the information about gasoline prices and average wages in Canada and around the world with your readers? Feel free to use all the data and infographics presented in this report for both commercial and non-commercial purposes as long as you indicate the author of the research (Picodi.com) with a link to this subpage. To copy the code of the interactive infographic, click the icon with three dots in the upper right corner. If you have any questions, please feel free to contact us: research@picodi.com.