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?

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.

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.

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.

:1orglaugh :1orglaugh :1orglaugh

these are the guys who pay $0.12/gallon
http://news.bbc.co.uk/media/images/3...rat_bbc300.jpg

.12 cents that cheap I guess the nearer you are to the source the cheaper it is

Government regulated pricing.

that and they churn alot of oil

.12 is alot of money to them.

most oil producers have gone independent that's why the government can't do anything. that's just bad.

Maybe I should by gas in venesuala and sell it in my back yard.

buy low sell high.

i think so too.. so it must be high for them still..

they prob huff a lot of it

funny how that works

It's the government that shoulders the burden of the oil's skyrocketing prices.

My next car is gas/electric for sure. I pay more on gas than the car payment.

holy smoke... thats a nice price my friend!

Lol, $6.48/gallon in the Netherlands? At that price, I cant believe people still drive around in anything gas powered.