For Venezuela, the magic land of cheap gas, a big hike

By Nick Miroff, January 20, 2014

CARACAS, Venezuela — Gasoline is so dirt-cheap in this country that the comparison undervalues dirt. Or, for that matter, almost any other element Venezuelan drivers can think of.

“It’s cheaper than water,” said one motorist, pointing out that bottled water costs far more than the 95-octane gasoline gushing into his Ford Explorer.

Read full article >>