I filled my car’s gas tank last night for less than $30, with the price being $1.69 a gallon. Cheap, right? At least compared to what we’re used to. Well that is expensive to some people. In Venezuela, gas now costs about 0.2 cents (1/5th of a penny) per gallon. To put it in perspective- you cold buy 482 gallons of gas there for a dollar. So why so cheap? Bloomberg.com takes a look at the economy there and why gas is why less expensive than other parts of the world. And why it may not be for much longer.

Translate (Traducir/Перевод) »