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Thursday, April 20, 2006

Fourteen Cents a Gallon!

Fourteen cents a gallon! Fourteen cents a gallon! That is how much gas costs in Venezuela right now according to this international chart of gas prices. I wonder if this is actual market price or if the government is keeping prices artificially down.

Poorer countries seem to have it easier with gas prices while Europe has higher prices due to targeted taxes designed to keep people from driving. Interesting outliers exist however. While gas in the United States is about $2.85, Taiwan has gas at $2.47 and Australia's gas is at $2.63. Both are first-world (or very close to it) and use a fair amount of gas. I wonder how they are keeping prices down.


Category: GeoInfo
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1 comment:

  1. Catholicgauze8:00 AM

    The government has to (in my mind) be keeping the price down. But with so much local oil and a much smaller demand than the US I think it would be low anyway.

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