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William Rivas

William Rivas drives his own Chevy Malibu as cab. Gas prices are so low in Venezuela that it costs him less than $1 to fill up the tank.

Venezuela’s 4 cents a gallon gas is set for a major hike

Economics

Venezuela is suffering through the world’s highest inflation and rampant shortages of consumer goods, like milk, sugar, toilet paper — even condoms. But one thing Venezuela does have a lot of is oil. And thanks to government subsidies, it also has the cheapest gasoline in the world. But maybe not for much longer.

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