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Old 12-15-2008, 04:26 AM   #3
Avalon Senior Member
Join Date: Sep 2008
Location: Isla de Margarita, Venezuela
Posts: 161
Default Re: Alone in South America?

It is true. The gov't subsidizes the gas price. Gas is so cheap that no one really pays any attention to the cost of a fillup.

We'll have to see how much longer that lasts, though. From what I read in the local blogs, Venezuelan refineries produce less gas than the country uses, so the extra has to be imported at the regular int'l price. With oil prices falling from $140 barrel to under $40, the gov't revenue will fall accordingly.
asteram is offline   Reply With Quote