propman Is gas inexpensive anywhere in the world?

I remember a time, not so long ago. 🙄

    Guess the answer to where is gas cheap? Saudi, maybe.

    Gas in Saudi Arabia is $.62/liter....about $2.65 gal.. USD. Not all that cheap when you consider everything.
    Russia is about $3.32/gal..
    Hong Kong is almost $11/gal.!! Not liter, gallon.

    The cheapest gas in the world is in the country with the most oil reserves in the world, which is nowhere close to The Middle East.

    Venezuela has gas at a whopping 7 cents/gallon. Because the 'people' own it. Not the country or some corporation(s).

      mikeintopeka This administration took our oil reserves and sent it overseas.

      That's not what your linked article states.

          Ack8236 HOUSTON, July 5 (Reuters) - More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month,

            Oil companies and their stockholders are in no rush to lower prices by increasing output. They still remember the 1st half of 202O.

              Par4QC because we here in the States are no longer energy independent....

                  Par4QC

                  I heard an economist say it could be ~ .20 cents higher. I'm sure that doesn't account for gouging though. But we shall see.

                      Par4QC Venezuela has gas at a whopping 7 cents/gallon. Because the 'people' own it. Not the country or some corporation(s).

                      That’s $3 a barrel for exploration, production, refining, distribution, and retailing. The true costs of those in Venezuela probably add up to $40. If the people own it, the people are losing money.

                        Little bit of a shock yesterday. Filled up my tank on the way to the airport, $6.49 in SoCal. Flew to N. Carolina, $3.49. I should have brought my car here.

                        Walterjn

                        No we are not. We bend to the knee of the Saudi’s for oil. You know the same people that back the LIV tour that most here are up in arms about.

                          Sneakylong
                          Already $.20 higher in Western Pa. since last week...The cut back by the Saudi's is going to be 2.5 million barrels per day...That will be significant in terms of our price at the pump...The 10 million additional barrels from the Strategic Oil Reserves just announced will used up in 5 days or less and have zero effect on prices...