At 15 cents a gallon, it's the cheapest gas in the world -- yet Venezuela worries

Venezuela: At 15 cents a gallon, has the cheapest gas in the world
LA TIMES  (Full article)

Mery Mogollon and Chris Kraul Feb 20, 2016

An air of caution and concern hung in the air as gasoline prices in Venezuela shot up Friday to 15 cents a gallon – a paltry amount elsewhere but a startling increase in this oil-rich yet financially-beaten country.
The price had been less than a tenth of a penny per gallon the day before, and history showed how abruptly Venezuela’s mood could shift when the price of gasoline was adjusted upward. More than 1,000 people were killed in a week-long riot in the late 1980s when there was an effort to raise prices.




Check back for regular updates.  
The Mobile Generated News (MoGN) Blog
Where Business, Technology, and the News Collide!



 If you don't have the Mobile Generated News (MoGN) App, make sure to get it HERE Today!