Gasoline and diesel usage and pricing and Venezuela

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Difference between Gasoline and diesel usage and pricing and Venezuela

Gasoline and diesel usage and pricing vs. Venezuela

The usage and pricing of gasoline (or petrol) results from factors such as crude oil prices, processing and distribution costs, local demand, the strength of local currencies, local taxation, and the availability of local sources of gasoline (supply). Venezuela, officially denominated Bolivarian Republic of Venezuela (República Bolivariana de Venezuela),Previously, the official name was Estado de Venezuela (1830–1856), República de Venezuela (1856–1864), Estados Unidos de Venezuela (1864–1953), and again República de Venezuela (1953–1999).

Aruba

Aruba (Papiamento) is an island and a constituent country of the Kingdom of the Netherlands in the southern Caribbean Sea, located about west of the main part of the Lesser Antilles and north of the coast of Venezuela.

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Bolivia

Bolivia (Mborivia; Buliwya; Wuliwya), officially known as the Plurinational State of Bolivia (Estado Plurinacional de Bolivia), is a landlocked country located in western-central South America.

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Brazil

Brazil (Brasil), officially the Federative Republic of Brazil (República Federativa do Brasil), is the largest country in both South America and Latin America.

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Colombia

Colombia, officially the Republic of Colombia, is a sovereign state largely situated in the northwest of South America, with territories in Central America.

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Curaçao

Curaçao (Curaçao,; Kòrsou) is a Lesser Antilles island in the southern Caribbean Sea and the Dutch Caribbean region, about north of the Venezuelan coast.

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Ecuador

Ecuador (Ikwadur), officially the Republic of Ecuador (República del Ecuador, which literally translates as "Republic of the Equator"; Ikwadur Ripuwlika), is a representative democratic republic in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean to the west.

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Grenada

Grenada is a sovereign state in the southeastern Caribbean Sea consisting of the island of Grenada and six smaller islands at the southern end of the Grenadines island chain.

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Guyana

Guyana (pronounced or), officially the Co-operative Republic of Guyana, is a sovereign state on the northern mainland of South America.

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OPEC

The Organization of the Petroleum Exporting Countries (OPEC,, or OPEP in several other languages) is an intergovernmental organization of nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), and headquartered since 1965 in Vienna, Austria.

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Panama

Panama (Panamá), officially the Republic of Panama (República de Panamá), is a country in Central America, bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north and the Pacific Ocean to the south.

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PDVSA

Petróleos de Venezuela, S.A. (PDVSA) (Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company.

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Petroleum

Petroleum is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earth's surface.

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Spain

Spain (España), officially the Kingdom of Spain (Reino de España), is a sovereign state mostly located on the Iberian Peninsula in Europe.

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The New York Times

The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.

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The Wall Street Journal

The Wall Street Journal is a U.S. business-focused, English-language international daily newspaper based in New York City.

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Trinidad and Tobago

Trinidad and Tobago, officially the Republic of Trinidad and Tobago, is a twin island sovereign state that is the southernmost nation of the West Indies in the Caribbean.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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1973 oil crisis

The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo.

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