In oil producing countries in the Middle East like Kuwait and Saudi Arabia, gas is dirt cheap. Saudi Arabians pay only $0.45 a gallon at the pump, while those in Kuwait pay just $0.80. But nowhere in the world is gas quite as cheap as it is in Venezuela. At $0.04 a gallon, it’s practically free. In Venezuela, it costs about $1.56 to fill up the 39-gallon tank of a Chevrolet Suburban, according to calculations from Bloomberg, compared to $137.28 in the U.S. and $389.22 in Turkey ... IBT Times
Posted on: Tue, 25 Mar 2014 07:38:13 +0000
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