20,000 tanks of gasoline for your car? Or a kilogram of cheese? SAME PRICE IN VENEZUELA
Fuel Shortages the New Normal in Venezuela as Oil Industry Unravels
Nov. 13, 2018, at 1:35 p.m.
By Tibisay Romero and Deisy Buitrago
VALENCIA/CARACAS (Reuters) - With chronic shortages of basic goods afflicting her native Venezuela, Veronica Perez used to drive from supermarket to supermarket in her gray Chevrolet Aveo searching for food.
But the 54-year-old engineer has abandoned the practice because of shortages of something that should be abundant in a country with the world's largest oil reserves: gasoline.
"I only do what is absolutely necessary, nothing else," said Perez, who lives in the industrial city of Valencia. She said she had stopped going to Venezuela's Caribbean coast, just 20 miles (32 km) away.
Snaking, hours-long lines and gas station closures have long afflicted Venezuela's border regions.
Fuel smuggling to neighboring countries is common, the result of generous subsidies from state-run oil company PDVSA that allow Venezuelans to fill their tank 20,000 times for the price of one kilo (2.2 pounds) of cheese.
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https://money.usnews.com/investing/news/articles/2018-11-13/fuel-shortages-the-new-normal-in-venezuela-as-oil-industry-unravels
Fear not. Fewer and fewer cars and buses are on the road due to lack of spare parts, tires, engine oil (!) and no new automobiles or transport available for purchase. So, people have been hoarding gas in order to sell it across the border at half the cost of Colombian/Brazilian gasoline, but still at a 1000X profit.
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