Gas remains 4 pennies a gallon in Venezuela

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Thursday, March 07, 2013
CNN.com: There are many uncertainties surrounding Hugo Chavez's successor in Venezuela, but the price of gas will remain just a few cents a gallon.

Thanks to generous subsidies, the Venezuelan people pay an absurdly low price for gas. The average price for a gallon of regular at the end of January was four U.S. cents, according to the research firm Airinc.

 

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blog002 1BY JASON E. KAPLAN | STAFF PHOTOGRAPHER

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Reader comments:

"I feel private enterprises are capable of operating at a higher efficiency than state government."

"This has been used in Oregon since the mid-1800s. It is not a new financing method. This form of financing may help Oregon close its infrastructure deficit by leveraging funds."


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