Just gotta stop by Venezuela......


Where gasoline is cheapest
Rank Country Price/gal
1. Venezuela 12 cents
2. Iran 40 cents
3. Saudi Arabia 45 cents
4. Libya 50 cents
5. Swaziland 54 cents
6. Qatar 73 cents
7. Bahrain 81 cents
8. Egypt 89 cents
9. Kuwait 90 cents
10. Seychelles 98 cents
45. United States $3.45
155 countries surveyed between March 17 and April 1, 2008. Prices not adjusted for cost of living or exchange rates.
Source: AIRINC

Bogged Down
Most expensive places to buy gas
Rank Country Price/gal
1. Bosnia-Herzegovina $10.86
2. Eritrea $9.58
3. Norway $8.73
4. United Kingdom $8.38
5. Netherlands $8.37
6. Monaco $8.31
7. Iceland $8.28
8. Belgium $8.22
9. France $8.07
10. Germany $7.86
111. United States $3.45

http://finance.yahoo.com/family-home/article/104996/Why-Gas-in-the-U.S.-Is-So-Cheap

5/3/2008 12:21:53 PM

could be worse

5/3/2008 12:23:02 PM

i guess someone else watched cnn saturday morning today

5/3/2008 12:32:13 PM

Quote :

"155 countries surveyed between March 17 and April 1, 2008. Prices not adjusted for cost of living or exchange rates."

That statement kind of kills the argument. How much is 12 cents in Venezuela?

5/3/2008 12:33:39 PM

subsidized gas ftw.

5/3/2008 12:34:28 PM

Quote :

"could be worse"

most of those countries are a lot smaller than us and have better public transit though.

5/3/2008 12:57:23 PM

Quote :

"That statement kind of kills the argument. How much is 12 cents in Venezuela?"

5/3/2008 1:46:56 PM

12 cents is still cheap in Venezuela (obviously not as cheap as it is here, though), but the key thing to know about Venezuela is that it's under Socialist rule by Hugo Chavez which highly subsidizes the gas.
Also, they have huge natural oil reserves themselves, which apparently is 1/3 of their entire GDP

5/3/2008 2:42:39 PM

http://youtube.com/watch?v=gvBvdDNoM_w&feature=related

5/3/2008 2:53:11 PM

damn in england it costs like $1 in gas just to turn your shit on

5/3/2008 6:22:55 PM

too bad there is no oil in this country to drill

5/3/2008 6:29:41 PM

not factoring in the exchange rate.

5/3/2008 6:31:06 PM

Venezuela and Iran keep their prices artificially low through heavy government subsidies. Iran in particular is a bizarre case because they have to actually import gasoline due to the low prices and are suffering chronic fuel shortages; they had to even ration gas at one point. Iran is actually burning a huge chunk of its oil profits to keep the price low and supply reasonable.

5/3/2008 11:27:29 PM

^in both countries, the low gas price is probaby the only thing that keep the people from overthrowing the government.

5/4/2008 1:05:23 AM

another thing about the list i noticed is that in developed countries where gas is expensive they have really advanced public transportation systems.

5/6/2008 4:20:32 PM