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Old 08-15-2005, 09:46 PM   #1
Donny
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Gas is 0.12 (yes, 12 CENTS) per gallon in Venezuela

http://money.cnn.com/pf/features/lis...bal_gasprices/

In a few Latin America and Middle-East nations, such as Venezuela and Saudi Arabia, oil is produced by a government-owned company and local gasoline prices are kept low as a benefit to the nation's citizens



If it can be purchased for 12 cents per gallon there, why is it so much higher elsewhere?
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Old 08-15-2005, 09:50 PM   #2
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1. They have to ship it here and that costs money.
2. State gas tax.
3. Federal gas tax.
4. In CA we have "special" cleaner gas and there are only 4 refineries producing it and I believe one went offline a month or so back.
5. Supply and demand. Price goes up we still buy. If we stopped buying prices would drop but we aren't about to stop buying gas.
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Old 08-15-2005, 09:52 PM   #3
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well it appears from the article that the gas in venezuela is subsidized, so its not realy a fair comparison. They are getting that money from somewhere.

We could prob cut the cost of fuel here by subsidizing it and doubling the tax on beer.
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Old 08-15-2005, 09:54 PM   #4
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right but they eat rats

ill fork over the 2.50 a gallon and eat steak
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Old 08-15-2005, 09:55 PM   #5
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right but they eat rats

ill fork over the 2.50 a gallon and eat steak
I've never tried rat. It may be delicious.
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Old 08-15-2005, 09:57 PM   #6
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I've never tried rat. It may be delicious.
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Old 08-15-2005, 11:02 PM   #7
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these are the guys who pay $0.12/gallon
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Old 08-15-2005, 11:27 PM   #8
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.12 cents that cheap I guess the nearer you are to the source the cheaper it is
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Old 08-15-2005, 11:31 PM   #9
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Government regulated pricing.

that and they churn alot of oil
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Old 08-15-2005, 11:32 PM   #10
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.12 is alot of money to them.
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Old 08-16-2005, 12:13 AM   #11
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most oil producers have gone independent that's why the government can't do anything. that's just bad.
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Old 08-16-2005, 12:28 AM   #12
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Maybe I should by gas in venesuala and sell it in my back yard.
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Old 08-16-2005, 12:30 AM   #13
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Maybe I should by gas in venesuala and sell it in my back yard.
buy low sell high.
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Old 08-16-2005, 01:00 AM   #14
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.12 is alot of money to them.
i think so too.. so it must be high for them still..
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Old 08-16-2005, 01:13 AM   #15
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these are the guys who pay $0.12/gallon
they prob huff a lot of it
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Old 08-16-2005, 02:02 AM   #16
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.12 cents that cheap I guess the nearer you are to the source the cheaper it is

funny how that works
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Old 08-16-2005, 03:14 AM   #17
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Quote:
Originally Posted by DonovanPhillips
http://money.cnn.com/pf/features/lis...bal_gasprices/

In a few Latin America and Middle-East nations, such as Venezuela and Saudi Arabia, oil is produced by a government-owned company and local gasoline prices are kept low as a benefit to the nation's citizens



If it can be purchased for 12 cents per gallon there, why is it so much higher elsewhere?
It's the government that shoulders the burden of the oil's skyrocketing prices.
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Old 08-16-2005, 03:21 AM   #18
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My next car is gas/electric for sure. I pay more on gas than the car payment.
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Old 08-16-2005, 03:44 AM   #19
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holy smoke... thats a nice price my friend!
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Old 08-16-2005, 03:52 AM   #20
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Lol, $6.48/gallon in the Netherlands? At that price, I cant believe people still drive around in anything gas powered.
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