Thursday, March 17, 2011

The Cheapest Gas in the World: 12 Cents a Gallon

Gasoline in Venezuela costs about 12 cents a gallon, well below the $4 a gallon or more paid in most of the industrialized world, but those low prices are bankrupting the oil-driven economy. Read more here.

2 Comments:

At 3/17/2011 2:38 PM, Blogger Buddy R Pacifico said...

If gasoline is 12 cents a gallon then I wonder how much leaks out of the country.

 
At 3/17/2011 5:33 PM, Blogger Jason said...

Socialism is a great idea until you run out of other people's money?

 

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