Some oil-rich countries that subsidize fuel as a way to share the wealth and keep citizens happy. Drivers pay less than 50 cents a gallon when they fill up in Saudi Arabia and Iran.
Gas is cheaper than milk in Venezuela, which spends an est. $11 billion subsidizing gasoline.
http://www.latimes.com/business/la-fi-worldgas10-2008jul10,0,2489191.story
http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.htmlThis chart is one I've wanted, because I've been curious how and when the price of gas has risen. This is from Jan 2006 to present.
http://www.latimes.com/business/la-fi-worldgas10-2008jul10,0,2489191.story About Half of U.S. Oil Imports Come from the Western Hemisphere
Some may be surprised to learn that almost 50% of U.S. crude oil and petroleum products imports came from the Western Hemisphere (North, South, and Central America and the Caribbean including U.S. territories) during 2006. We imported only 16% of our crude oil and petroleum products from the Persian Gulf countries of Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia, and United Arab Emirates. During 2006, our five biggest suppliers of crude oil and petroleum products were:
Canada (17.2%)
Mexico (12.4%)
Saudi Arabia (10.7%)
Venezuela (10.4%)
Nigeria (8.1%)
Some may be surprised to learn that almost 50% of U.S. crude oil and petroleum products imports came from the Western Hemisphere (North, South, and Central America and the Caribbean including U.S. territories) during 2006. We imported only 16% of our crude oil and petroleum products from the Persian Gulf countries of Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia, and United Arab Emirates. During 2006, our five biggest suppliers of crude oil and petroleum products were:
Canada (17.2%)
Mexico (12.4%)
Saudi Arabia (10.7%)
Venezuela (10.4%)
Nigeria (8.1%)
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