No acceptable C compiler found in $PATH when installing python

The gcc compiler is not in your $PATH. It means either you dont have gcc installed or it's not in your $PATH variable.

To install gcc use this: (run as root)

• Redhat base:

  yum groupinstall "Development Tools"
  

• Debian base:

  apt-get install build-essential
  

You need to run

yum install gcc

For Ubuntu / Debian :

sudo apt-get install build-essential

For RHEL/CentOS

sudo yum install gcc glibc glibc-common gd gd-devel -y

or

 sudo yum groupinstall "Development tools" -y

For more details, refer to this link.

Assuming you're on a debain/ubuntu system, you will need to run the following first:

sudo apt-get install build-essential