Quote:
Originally Posted by Tully Mars
Yet in Venezuela it's like .25 a gallon. In most Arab nations it's like .50.
I think I see a pattern here.
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I'm willing to bet that's because petrol is sold way below cost in those countries. Because the demand in those countries is relatively low, and their output is so high, oil companies are more than happy to subsidise local oil prices in order to get contracts to sell to the much much bigger market outside those countries (at higher prices).