Shocking gas prices from around the world reveal just how bad things are for the oil industries

REUTERS/Toru Hanai

If you ever thought about driving across the US, or some other country, now is the time to do it. 

The oil industry is in the midst of a historic downturn, which is plunging the price per barrel of oil to all-time lows across the globe.

International markets sell oil for a fixed price. But drivers are subject to fluctuating fuel costs depending on their location.

Taxes and subsidies play a large part in this, and the fluctuations are quite impressive, ranging from as little as $0.20 per gallon all the way up to $5.64.

Here, we've compiled fuel costs for 17 different gas stations across the world in order from most to least expensive. 

 

Llanteg, Wales

REUTERS/Rebecca Naden

Location: Murco gas station in Llanteg

Date: Jan. 28, 2016

Cost per liter: 103.9 pence ($1.49) 

Cost per gallon: $5.64

(*All of these fuel prices are subject to changes in exchange rates.)

London, Britain

REUTERS/Toby Melville

Location: BP gas station near Heathrow Airport in west London

Date: Jan. 30, 2016

Cost per liter: 101.9 pence ($1.44) 

Cost per gallon: $5.45

Santiago, Chile

REUTERS/Ivan Alvarado

Location: Copec gas station in Santiago

Date: Feb. 7, 2016

Cost per liter: 760 pesos ($1.08) 

Cost per gallon: $4.09

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