Gas Prices

[Donna Adams]

Our exchange student son who lives in Venezuela called us last night. He asked about the gas prices here. We are paying $4.00 per gallon...he said theirs is $.12 per gallon!! Yes 12 cents! :eek:

[Karen Mercer]

Where are you located? And where is HE? I have never heard of gas prices that low and I've been around long enough to remember .25/gal gas.
It's about $1.50/liter here which works out to about $5.70/gal.

[BobHunt]

I think they must have a gas pump with the pipe coming right out of the ground where the oil is! lol

[Billy Cox]

Where are you located? And where is HE? I have never heard of gas prices that low and I've been around long enough to remember .25/gal gas.
It's about $1.50/liter here which works out to about $5.70/gal.

Countries like Venezuela and Iran produce oil and sell it to their own citizens at prices below the cost of production. One side effect of this is that many people sell the gasoline on the black market for a profit. If enough people do that, then gasoline is very cheap, but most gas stations have none to sell.

[Jim Franklin]

No surprise here at $.12/gal. gas in oil rich Venezuela. The Maricaibo Basin is one of the richest oil fields in the world. It is obvious that the Venezuela government subsidizes the cost of production. I do remember $.12-.15/ gal. gas before WWII. And I did purchase gas for as low as $.209/gal. in OKC in the spring of 1970 during a price war in my neighborhood on 23rd near Rockwell.

[Barbara Moulton]

Countries like Venezuela and Iran produce oil and sell it to their own citizens at prices below the cost of production. One side effect of this is that many people sell the gasoline on the black market for a profit. If enough people do that, then gasoline is very cheap, but most gas stations have none to sell.

Hmmmm...as a resident of an oil producing country I am somewhat ticked :)

We pay more than you.

[Ryan Scott]

You have to have more than you need and you also have to have a government willing to take a loss for your cheap prices. China does it as well, although they recently raised prices, which could eventually help ours go down.

[John Kennedy]

Where are you located? And where is HE? I have never heard of gas prices that low and I've been around long enough to remember .25/gal gas.
It's about $1.50/liter here which works out to about $5.70/gal.

I can remember paying $.11/gal in Dallas during a gas war in the early 60's. And to make it even better you could get a set of drinking glasses or steak knives along with it.

[Jim Franklin]

Barbara, by requiring a higher price for Canadians lets the government make money off of you and us. If Canada kept all of its oil production so that Canadians would have lower prices then they could not make a lot of money off of those addicted USians.

[Jim Franklin]

John, was the idea to use the steak knives to bleed the customers, collect it in the glasses and refine it into gasoline?

[Mamie White]

I can remember paying $.11/gal in Dallas during a gas war in the early 60's. And to make it even better you could get a set of drinking glasses or steak knives along with it.



I can remember those days. But we were bringing home $60 week pay and could buy groceries for $12 a week. Oh well, time marches on.

Mamie

[Roland Hearn]

I remember as a kid my mother would quite often stop and put 20cents worth of petrol in the car. I remember when we converted from an English gallon, which is a bit more than a litre bigger than an American gallon, to litres in the 70s we were paying around 50 cents a gallon and it had been going up steadily for awhile. I remember in the 70's thinking that if the price of fuel ever got to 50cents a litre life would be unbearable. At that stage we were paying a ridiculous .30 cents a litre during the oil crisis of the 70's. It is amazing how things just adapt. I'm not sure in real terms if we are paying more now then we did then.

[Donna Adams]

Karen: I live in Ohio/USA.

[Jan Hart]

I remember getting a cook book at the Standard station in the late 60's. You got a new section each week to put in a ring notebook. I've used a few of those recipes over the years. Now they don't have to lure us in with gimmicks.

[Cecil Wallace]

Our exchange student son who lives in Venezuela called us last night. He asked about the gas prices here. We are paying $4.00 per gallon...he said theirs is $.12 per gallon!! Yes 12 cents! :eek:
I had heard about that.
The people of Venezuela can thank their "benevolent dictator," Senior Chavez. That is one way that he stays in power. With a deal like that, who would want to get rid of him?
Oil in Saudi Arabia is also very cheap.

Maybe we can get that same deal if the government takes over the oil industry, as Maxine Waters indicated the other day.

[Billy Cox]

I can remember paying $.11/gal in Dallas during a gas war in the early 60's. And to make it even better you could get a set of drinking glasses or steak knives along with it.

These days, all I get when I fill-up is some free blue kool-aid and I have to bring my own glass. :basic05