Venezuela Revels in Cheap Domestic Gasoline

In America, gas is predicted to average $2.70 this summer. In Venezuela — a leading oil producer — gas is about $2.30. But that's not per gallon. That's what you pay to fill up the entire tank! At 12 cents per gallon, Venezuela has the cheapest gas in the world. Drivers there love to point out that a trip to the gas station is cheaper than buying a bottle of mineral water.

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RENEE MONTAGNE, host:

Good morning. I'm Renee Montagne.

Adding a little fuel to the fire about high gas prices. In America, gas is predicted to average $2.70 this summer. In Venezuela, a leading oil producer, gas is about $2.30, but not per gallon. That's what you pay to fill up the entire tank. At 12 cents per gallon, Venezuela has the cheapest gas in the world. Drivers there point out a trip to the gas station is cheaper than buying a bottle of mineral water.

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