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Venezuela may be losing its nickel-a-gallon gas

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There aren't many places in the world where one can buy a gallon of gas for the equivalent of a nickel, but, for the time being, Venezuela is one of those places. There the price of gasoline has been frozen for nearly two decades, but the country's president, Nicolas Maduro, says he favors raising prices gradually over three years to help fight the country's economic crisis, The Detroit News reports.

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Venezuela may be losing its nickel-a-gallon gas originally appeared on Autoblog on Thu, 26 Dec 2013 18:00:00 EST. Please see our terms for use of feeds.

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