Gas in Venezuela is $0.14/gallon

[david46675]

http://money.cnn.com/pf/features/lists/global_gasprices/price.html?2006

Nation City Price
UK TEESIDE $5.64
HONG KONG HONG KONG $5.62
UK MILFORD HAVEN $5.56
UK READING $5.56
UK NORWICH $5.54
GERMANY FRANKFURT $5.29
DENMARK COPENHAGEN $5.08
NORWAY STAVANGER $5.07
NORWAY OSLO $4.93
ITALY ROME $4.86
TURKEY ISTANBUL $4.85
PORTUGAL LISBON $4.80
KOREA SEOUL $4.71
SWITZERLAND GENEVA $4.56
KOREA KOJE/OKPO $4.53
AUSTRIA VIENNA $4.50
CROATIA ZAGREB $4.32
JAPAN TOKYO $3.84
AUSTRALIA SYDNEY $2.63
CAMBODIA PHNOM PENH $2.57
TAIWAN TAIPEI $2.47
GEORGIA TBILISI $2.31
LAOS VIENTIANE $1.66
THAILAND BANGKOK $1.60
CHINA TIANJIN $1.54
CHINA SHANGHAI $1.48
RUSSIA MOSCOW $1.45
KAZAKHSTAN ALMATY $1.36
KAZAKHSTAN ATYRAU $1.35
TAJIKISTAN DUSHANBE $1.32
AZERBAIJAN BAKU $1.15
VENEZUELA CARACAS $0.14

 

[Aharami]

why so cheap there?

 

[artikk]

because it is one of the oil exporting countries

 

[david46675]

In Venezuela, on the other hand, oil is produced by a government-owned company and local gasoline prices are kept low as a benefit to the nation's citizens, he said. All prices updated May, 2004.

 

[Reggae4k]

they HAVE oil reserves

 

[CPA]

Originally posted by: Aharami
why so cheap there?

Because it's an oil producing country. I think they are the 5th largest oil exporter to the US.

 

[AStar617]

Originally posted by: Aharami
why so cheap there?

Because they are sitting on an vast oil reserve. I'm surprised their tap water isn't tinged black.

 

[CVSiN]

Originally posted by: david46675
http://money.cnn.com/pf/features/lists/global_gasprices/price.html?2006

Nation City Price
UK TEESIDE $5.64
HONG KONG HONG KONG $5.62
UK MILFORD HAVEN $5.56
UK READING $5.56
UK NORWICH $5.54
GERMANY FRANKFURT $5.29
DENMARK COPENHAGEN $5.08
NORWAY STAVANGER $5.07
NORWAY OSLO $4.93
ITALY ROME $4.86
TURKEY ISTANBUL $4.85
PORTUGAL LISBON $4.80
KOREA SEOUL $4.71
SWITZERLAND GENEVA $4.56
KOREA KOJE/OKPO $4.53
AUSTRIA VIENNA $4.50
CROATIA ZAGREB $4.32
JAPAN TOKYO $3.84
AUSTRALIA SYDNEY $2.63
CAMBODIA PHNOM PENH $2.57
TAIWAN TAIPEI $2.47
GEORGIA TBILISI $2.31
LAOS VIENTIANE $1.66
THAILAND BANGKOK $1.60
CHINA TIANJIN $1.54
CHINA SHANGHAI $1.48
RUSSIA MOSCOW $1.45
KAZAKHSTAN ALMATY $1.36
KAZAKHSTAN ATYRAU $1.35
TAJIKISTAN DUSHANBE $1.32
AZERBAIJAN BAKU $1.15
VENEZUELA CARACAS $0.14

All prices updated May, 2004.
old enough news for you?

 

[JeffreyLebowski]

Because the govt. owns the oil company and refineries. They make cheap gas for their people and sell the rest to foreign contries to make a profit.

Look at the prices in main land China. If there is such a demand there that the world demand for oil is going up and causing our gas prices to raise, WTF are the Chines only paying $1.50? Fscking communists.

 

[blue1friday2]

How much in Saudi... a nickel?

 

[simms]

Originally posted by: JeffreyLebowski
WTF are the Chines only paying $1.50? Fscking communists.

Excuse me?

 

[ElFenix]

the government is subsidizing it there, whereas our government is taxing the hell out of it (though not as much as the western european governments)

 

[GeneValgene]

Originally posted by: JeffreyLebowski
Because the govt. owns the oil company and refineries. They make cheap gas for their people and sell the rest to foreign contries to make a profit.

Look at the prices in main land China. If there is such a demand there that the world demand for oil is going up and causing our gas prices to raise, WTF are the Chines only paying $1.50? Fscking communists.

do you know how much money the average chinese makes? 1.50 is expensive for them!

and yes, venezuela owns CITGO