Thursday, October 6, 2022

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Want cheap gas? How about a road trip to Venezuela?

The next time you’re seeking cheap gas, try Venezuela, and stay away from Germany.

According to a recent analysis by Insuranks, the South American country has the least expensive gas, about 9 1/2 cents per gallon.

Germany has the most expensive fuel among the world’s top-50 countries by population, at $8.26 per gallon.

Venezuela has the cheapest gas among the world top-50 largest countries.
Venezuela has the cheapest gas among the world top-50 largest countries.

The United States is the 24th on the list with an average gas cost of $4.46 per gallon.

Insuranks, based in Rehovot, Israel, is an online insurance comparison marketplace and educational platform.

“The cost of gas has been on the rise for a little while now for many reasons and there doesn’t appear to be an end in sight any time soon,” said Ofir Sahar, CEO of www.insuranks.com. “Fuel price rises are bad for all – for people’s personal finances, for businesses who rely on regular travel or simply for businesses who are struggling from the effects of the global pandemic.

“If the cost continues to rise, people will have to turn to alternative methods of transport, whether that means public transport, cycling, walking or even simply lift sharing. All we can do is sit and watch at this point.”

Here’s the list of the five cheapest and most expensive countries to buy gas:

CHEAPEST

1. Venezuela, $0.095 (per gallon); 2. Iran, $0.194; 3. Algeria, $1.216; 4. Angola, $1.275; 5. Nigeria, $1.515.

MOST EXPENSIVE

1. Germany, $8.263; 2. Italy, $8.009; 3. France, $7.930; 4. United Kingdom, $7.720; 5. Spain, $7.192.

James Raia, a syndicated columnist in Sacramento, California, publishes a free weekly automotive podcast and electronic newsletter. Sign-ups are available on his website, www.theweeklydriver.com. He can be reached via email: james@jamesraia.com.

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Scott
6 months ago

all garden spots on earth, sign me up and I will move there tomorrow…NOT

California Travel Videos
6 months ago

Forgive me but I’ve watched too many Active Self Protection videos on YouTube that remind me of what Wikipedia has to say about Brazil and Venezuela: https://en.wikipedia.org/wiki/Crime_in_Venezuela

The U.S. Bureau of Diplomatic Security says most of the violence comes from organized street gangs, and attributes criminal activity to four factors: “often corrupt” underpaid police, an “inefficient and politicized judicial system”, problems in the prison system, and widespread availability of weapons.

Scott Ellis
6 months ago

Subsidized does not equal cheap.

manfred manville
6 months ago

It looks like your map is showing the price in British Pounds/Liter. Great info if I was in the UK.

Richard
6 months ago

Lived in Venezuela in the late nineties for two years on our sailboat BEFORE it went to hell…fuel then was 4c a gallon, people were wonderful eating out at five star restaurants was about $25 for two Polar beer…10c..now ..no way… a beautiful country rich in natural resources has been destroyed…

The Lazy Q
6 months ago

I don’t care what other countries do for the ones that want to emulate them just move already. I’m sure you can find a life much better than ours there just quit trying to bring it here.

Scott Ellis
6 months ago
Reply to  The Lazy Q

It’s a crappy life, but hey, it’s OUR crappy life? I don’t think our life here is crappy, but that’s exactly what your argument is.

Silas Longshot
6 months ago

Sorry, even if gas was free in Venezuela, road trip there ain’t happening. Considering huge numbers of citizens survive by eating garbage out of dumpsters, I’m thinking an American walking around down there would have a big old target on their back saying “kidnap me, I’m worth a fortune in ransom money!!”

Bob p
6 months ago
Reply to  Silas Longshot

And the party in charge wants us to be socialist’s like Venezuela.

Leonard Rempel
6 months ago

Pre-pandemic I would travel to Germany every year or two to visit family. Fuel prices are high to be sure, but when you look on the road at the vehicles driven you can see they have adapted. There is nary a full sized vehicle, pick-up truck, and more station wagons than SUV’s. A higher price for fuel will force the citizenry to adapt with smaller vehicles. No demand there for a F-150 or larger truck as a daily driver. Just doesn’t exist there.

Tommy Molnar
6 months ago
Reply to  Leonard Rempel

That’s why I like living in the U.S.A. I don’t care what they do in other countries.

Bob M
6 months ago
Reply to  Leonard Rempel

I too visited Germany as well as Australia. They did have smaller vehicles and trucks. But don’t their passenger vehicles use diesel more than gas? Isn’t their diesel cheaper than gas? I disagree with Tommy’s comment. We need to learn from each other

Bob p
6 months ago
Reply to  Leonard Rempel

May I suggest since you like them so well maybe relocate there, personally I like it here.