Pop Quiz: The Things We Do For...Gas
Answer: A) the Netherlands
The reason why the Netherlands pays around $6.50 US dollars per gallon of gasoline, while Venezuela only pays $.12, -- and the main factor accounting for the difference in gas prices between nations -- is government policy. In the case of the Netherlands, gasoline is heavily taxed, whereas in countries like Venezuela, Egypt and Iran, gasoline is heavily subsidized by the government.
Like This? Check Out:Gasoline is Sooooooo CheapPrice Controls on Gasoline in Certain Asian CountriesPerfect Gasoline StormWhich Gasoline Should I Buy?The Problem? Gasoline is Basically Free
Source: CNN Money
