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Showing posts from July 29, 2018

Gasoline Is So Cheap In Iran But Who's Paying For It?

Based on the latest report on world gasoline prices, Iran has the cheapest fuel for cars, after Venezuela. Global Petrol Prices has issued a list of gasoline prices  around the world, which shows that one litre of gas in Iran costs just 27 cents, while in the United States, which has moderate prices compared with many other countries, one litre is 83 cents. The average price in the world for 95 octane gasoline is $1.17 per litre, with Norway, Hong Kong and Iceland being above two dollars, as the most expensive places to drive a car. But Venezuela is at the top of the list with gas available at just 1 cent per litre, while it suffers from astronomical inflation, poverty and a general economic breakdown. Iran is also in the grips of serious economic trouble, but as an oil producing nation, it is beholden to public expectations of cheap fuel. Traditionally, oil producing countries offer low-priced gasoline and other liquid fuels domestically, since usually that’s one of the mai