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Why does Venezuela have cheap gasoline?

Updated: 8/17/2019
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15y ago

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Because Venezuela has oil, and the government doesn't demand a high tax.

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15y ago
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Q: Why does Venezuela have cheap gasoline?
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Can you use Venezuela gasoline in a us car?

Yes as long as it is at least 87 octane. But I would hope you would not use gasoline from Venezuela.


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Does Venezuela get along with their neighbors?

Not since they started using that cheap Mexican fertilizer.


Why is gas in Venezuela so cheap?

Because the government owns the companies that drill for oil. They set the price.


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Gasoline is 'relatively' cheap, light, easily obtainable, easily refuellable and contains a lot of potential energy when burnt, to do useful work.


What are the pros and cons of gasoline cars?

Gasoline is relatively cheap compared to other types of fuel, such as hydrogen fuel cells. Gasoline is convenient if one is intending to travel a great distance, as other fuel sources do not have as great a density as gasoline does. Also, gasoline stations are everywhere, so it's not difficult to find a place to refuel.However, gasoline creates pollution. There is also not much gasoline left on this planet, as it is a fossil fuel and therefore there is a limited supply--and gasoline is non-renewable. In addition, gas prices are going up, so it will probably not remain cheap for too much longer.


How much is gasoline per gallon in Venezuela?

I read in CNNmoney.com that the price/gallon is like $0.12. I'm not sure if this is up to date but u can check it


What mechanisms might help ensure a more equitable use of resources?

Incentives are really the only mechanisms that will ensure a more equitable use of resources and can take many forms. Let's use gasoline as the example. There are two resources being used when buying gasoline: the gasoline, itself, and the money you use to buy it. When gasoline is cheap, it means that the gasoline resource is plentiful so a lot more of that resource will be used. And because it is cheap, it uses a lot less of the money resource to buy it. There is no incentive under this arrangement to conserve gasoline as the supply is great and the cost is cheap. When prices go up, it generally means that gasoline is in less supply and it definitely means that more money has to be spent to buy the same amount of gasoline. This higher price causes people to use less gasoline so they don't have to buy as much. Thus, the incentive is created to (a) conserve gasoline and (b) spend less money buying gasoline. This is just one example but typically any incentive to use less of something means penalizing the overuse of it.


Why did the English settle?

Each person had a different reason religion/ money/ escaping pedophile/cheap gasoline etc


Can 2002 Acura TL Type S use 87 octane gasoline?

no!! dont be cheap and buy the the higher octane!!!!


Which SI best describes the volume of gasoline in a car?

The SI unit used most commonly for gasoline is the liter. The price, at a glance, may seem cheap to your average American, but there are 3.78 liters for every gallon.