Where Gasoline Is Most and Least Affordable

When we look at where the world’s gasoline prices are high and low, we could be surprised with their affordability.

The Downside of Cheap Gasoline

Supposedly a GDP bonanza, the impact of lower gasoline prices on consumers and businesses is a surprise that economists now recognize.

Venezuela Has Cheap Gas But No Cars

At the official exchange rate, Venezuelans pay 5 cents a gallon for premium gasoline while the real price is closer to one half penny a gallon. The dark purple country at the northern tip of South America (below), Venezuela has the…