Where gasoline is cheap, and why it's making yours pricey
Friday May 4, 3:12 pm ET
By Steve Hargreaves, CNNMoney.com staff writer
In Saudi Arabia gasoline costs about 45 cents a gallon. In Iran it's 33. Venezuelans pay under a quarter.
These absurdly low prices are a direct result of massive government subsidies.
While these numbers are not adjusted for cost of living, it's fair to say that drivers in those countries are getting a good deal.
Here's the link to the rest of the story:
Friday May 4, 3:12 pm ET
By Steve Hargreaves, CNNMoney.com staff writer
In Saudi Arabia gasoline costs about 45 cents a gallon. In Iran it's 33. Venezuelans pay under a quarter.
These absurdly low prices are a direct result of massive government subsidies.
While these numbers are not adjusted for cost of living, it's fair to say that drivers in those countries are getting a good deal.
Here's the link to the rest of the story: