Find gas prices in Venezuela – Venezuela has been poised as the evil enemy of the USA for some time. Their energetic leader passed away fairly recently but the countries ways and policies appear to continue on for good or bad.
But how much do Venezuelans pay for gas?
Well before Chavez passed away he implemented some pretty heavy subsidies. Of course all gas prices are subject to change but at time of writing gas is only 10 cents a gallon and has been frozen at that price for the last 15 years.
This policy of course helped keep Hugo very popular but many believe it could be part of an economic collapse, especially when paired with the governments high spending.
Who knows though, they may get through it just fine!
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Here is a blurb from Wikipedia about Petroleum in Venezuela:
Petroleum and other resources
The Venezuelan oil producer PDVSA wholly owns its United States-based subsidiary, Citgo and attributes a large percentage of its wealth to oil sales from the United States
Venezuela has some of the largest oil and natural gas reserves in the world, and consistently ranks among the top ten world crude oil producers. Compared to the preceding year another 40.4% in crude oil reserves were proven in 2010, allowing Venezuela to surpass Saudi Arabia as the country with the largest reserves of this type. The country’s main petroleum deposits are located around and beneath Lake Maracaibo, the Gulf of Venezuela (both in Zulia), and in the Orinoco River basin (eastern Venezuela), where the country’s largest reserve is located. Besides the largest conventional oil reserves and the second-largest natural gas reserves in the Western Hemisphere, Venezuela has non-conventional oil deposits (extra-heavy crude oil, bitumen and tar sands) approximately equal to the world’s reserves of conventional oil. The electricity sector in Venezuela is one of the few to rely primarily on hydropower, and includes the Guri Dam, one of the largest in the world.
More can be read here.
How much do you think gas in Kuwait is?