Photo: El Estímulo retrieved.

This is the second week in a row when getting gas anywhere in the nation is a mission worthy of James Bond. It’s one thing to read about what happens in Venezuela from abroad, and another to live and breathe the desperation of today’s panic, with everyone singing the same song: Where the fuck do you get some gas?

Remember four weeks ago, when chavismo said everything regarding gas was going to be easy-peasy? Yeah, it wasn’t. The snowball effect goes like this: last August, Maduro announced a gas price increase, allegedly starting on October 1.

A month later, the price officially remains the same as last July.

Right now, the lowest denomination coin is—theoretically—the Bs.S. 0,25 (though no one has actually seen it yet). But a liter of gas costs Bs.S. 0,00006. All the cash in circulation is worth way, way more than you need, unless you’re filling a 747—which, at 183,000 liters, would cost you about Bs.S.1,100—a little under five bucks.

Gas stations have been receiving any bill people have to offer, because they can’t charge the “real” price. Often, if you find it, you can just pay the guy with the smallest denomination bill or coin you have on hand—Bs. 0,2 or 20, who cares? Many stations have stopped charging for gas altogether—why bother.

Under Maduro, gasoline has become—literally— priceless.

Maduro said he’d bring in an electronic point-of-sale based rationing system, but the vast bulk of gas stations still haven’t gotten any, so cash it is. But this is the least of your problems—the real issue is that with the price effectively now at zero, shortages are rampant.

Add rumors of an imminent gasoline production crisis to this formula for disaster, and you can’t get more tropicalmierda than that.

Under Maduro, gasoline has become—literally— priceless.

In Mérida, for example, lines outside gas stations are now common, after the imported catalyzing chemicals needed for fuel at El Palito refinery disappeared. You’ll spend an hour and a half in line (a very short time compared to fellas in Táchira), and a tired PDVSA worker will fill your tank. When you ask about the price, the guy will smile and say “whatever you have”.

Juan Carlos Gabaldón, our man in Mérida, gave the gas pump attendant a Bs.S. 5 bill, while his dad, next in line, paid with an outdated bolívar fuerte, getting twice the amount of fuel.

In Barquisimeto, local media has covered how long lines of vehicles outside of gas stations are becoming a common sight along the streets and avenues. As some drivers wait since dawn, others would rather take their chances in neighboring Yaracuy, one state away. And even so, a driver told us he had to wait at least for two and a half hours at a gas station in the Lara-Yaracuy border to get the damn fuel, in freaking oil-based Venezuela.

Another driver sent us the picture above. That’s a queue near a station in Western Barquisimeto, last Monday. It was eight blocks long. Stations only open once a gas truck arrives and, when the shipment is depleted, it closes again and waits for the next truck.

In Maracaibo, normally you just get gas for free.

“The last time they raised the gas price,” a gas station attendant told the Maracaibo press in May, 2018, “people stopped tipping us. It was a huge blow, because wages in this job are already low, and what the station is getting isn’t enough to cover the salaries.”

Earnings at gas stations are so low that the government has created a fund for the attendants’ wages. Of course, those payments are late and attendants make ends meet illegally, selling fuel on the side.

In Maracaibo, normally you just get gas for free.

Maracay, located between Caracas and Valencia, has long lines of up to two hours (or more!) at the main gas stations of the Bolívar Avenue and Las Delicias. The queues have actually been there for a while, but as the month went on, they got bigger with fuel-thirsty car owners venturing from neighboring communities.

In Caracas, last week looked like the early days of a zombie apocalypse—pandemonium, lines, stressed people and confusion. Cars honking their horns all day long and going anywhere took twice the normal time. Lines are impossible to evade, while the government keeps quiet and drivers sink in a conundrum that’s only possible in chavismo: you could keep your car at home and wait for this whole thing to blow over… but how will you get to work with our currently broken and collapsed public transport?

You can cross Caracas looking for fuel, and still have to wait for  two hours. Attendants will take bolívares soberanos, bolívares fuertes, candy, bread and bananas, giving a new spin to a rather well known term.

There’s a state of befuddlement about the situation, as people adapt to their new routines without gasoline. Nicolás Maduro said on the Red Friday that inflation would be reduced, wages would be fairer and gas would be more accessible for everyone. Literally all of those goals have failed. Not only is inflation still on the rise, now everyone stares nervously at their fuel gauges, wondering what’ll happen if and when our allegorical collective tank runs dry.

The hold chavismo has on power may be stronger than ever, but infrastructure is on a downward spiral that can’t be stopped.

País potencia, no somos.

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67 COMMENTS

    • You are mixing up two entirely separate markets: crude oil (Venezuela to U.S.A) and refined products (from Venezuelan refineries, supplemented by imports from miscellaneous refiners, including the U.S.A.).

      The shortages of refined products are most likely caused by (1) failure to maintain Venezuelan refineries, leading to reduced supply (and producers from other countries would fill the demand only if paid cash on the barrel) (2) lunatic distribution policies, as described in the blog. By virtually giving gasoline away, the government is virtually screaming for the black market to take over large chunks of the distribution network. (I am sure the military is now a participant in the “unofficial market”.)

      Another factor was noted during the gasoline shortages in the U.S.A. in 1979: when motorists are worried about supply, they try to drive around with tanks almost full, rather than being relaxed about a tank half full. Add up the increased volume of fuel in all those tanks, and you have a spike in demand – with no hope of increase in supply.

      • I agree with all the explanations for the shortages you refer to and I understand that oil and gasoline are not the same, but aren’t Venezuelan refineries fed by Venezuelan oil? And if as is the case, much more Venezuelan oil is being sold to American markets, does that not likely affect the supply destined for Venezuelan refineries along with these other factors?

        I don’t know. I was just wondering. It seems to me that the shortages may also reflect a policy favoring getting more dollars from export over feeding domestic demand, which at existing prices, is inexhaustible.

        • In other words, is the regime engaging in a policy of de facto rationing (not saying it, but doing it) in order to have more product to sell to its largest customer to get more dollars to pay its debts and keep its thugs happy?

          • The problem with trying to isolate “the” cause of a Venezuelan calamity is that the government has implemented so many bad policies it is hard to figure which of them was the cause – in fact there could be multiple causes, all leading back to government screw-ups, or greed or self-preservation. So the answer to your question is “quite possibly, but it could also be a mix of other bad policies and/or political schemes.”

        • You are no doubt correct as this was the approach that resulted from the congressional hearings a while back. Recall Francisco Toro testified at the hearings in favor of financially targeting Vz individuals but not commerce, as it would cause to much hardship.

          Having said that, I am certain this is exactly what reps from the Gulf states wanted to hear. And it makes sense in a way. Why be accused of murder by shooting someone who is in the process of committing suicide?

          I feel terrible pointing this out, but all Venezuelans should know this! I assume every citizen knows that Citgo is totally owned by PDVSA. There are three Citgo refineries in the USA. Most if not all of their crude comes from Vz. As you all are searching for gas and waiting in line you should be aware that there are three Citgo stations within 10 miles of my house north of Boston. They advertise regular gasoline at 2.75 USD/Gallon. No lines, they are happy for my business and will fill my tank in about 5 minutes.

          They are doing their best so that, for us Gringos, life is good, because Citgo is “fueling” good;

          https://fuelinggood.com

          • That Citgo clients in the US get access to “Venezuelan” gas doesnt really make me feel bad. If it gets revenue, revenue is needed.

            What it makes me fill bad is knowing that whatever income in actual currency (not bolivares sobredevaluados, no phantom Petros) is going to end up either stolen or wasted.

      • Could the spike in shortages be accounted for in the recent rise in North American purchasing of oil from Venezuela?
        NO.
        US daily exports to Venezuela of refined oil products in 2018 are nearly twice what they were in 2017. This indicates that the gasoline supply shortages in Venezuela are actually ameliorated by trading with the US. If Venezuela were importing refined oil products from the US at the rate it did in 2017, the gasoline shortage in Venezuela would be even worse.

        The problem is reduced refining capacity in Venezuela, NOT what Venezuela sells to the US.

        Energy Information Administration: US Exports to Venezuela of Refined Oil Products.
        U.S. Exports to Venezuela of Total Petroleum Products Thousand Barrels per day
        2014 75,901
        2015 73,170
        2016 75,616
        2017 63,877
        2018 125,037

        The EIA had data in barrels per month, which I changed to the more familiar barrels per day.

        • My google search shows that oil exports to the US have indeed increased- as the link I did above- significantly over the past year (though nowhere near levels of say, 5 years ago). And the vast majority of Venezuelan oil exports are to the US.

          What you are showing is something interesting as well: that exports from the US to Venezuela have also increased- almost doubling over the past year.

          So we see a roughly 30% increase in exports to the US and a roughly 100% increase of imports from the US to Venezuela over the past year.

          • So we see a roughly 30% increase in exports to the US ….over the past year.
            No, we don’t- not over the last year. There was a low point of Venezuelan exports to the US in February and March of this year. Since then, Venezuelan exports to the US have increased. But when looked at a monthly basis compared to the month of the previous year, there is a reduction.
            The overall trend is down, even with the outliers of Feb and March of this year. It is too early to draw a conclusion. Two points do not make a trend. Or, one swallow does not a summer make. A further point to consider is the recent Chevron settlement. How did that affect import/export data?

            U.S. Net Imports from Venezuela of Crude Oil and Petroleum Products (Thousand Barrels per Day)
            Aug-18 483
            Jul-18 485
            Jun-18 510
            May-18 444
            Apr-18 541
            Mar-18 388
            Feb-18 336
            Jan-18 417
            Dec-17 431
            Nov-17 484
            Oct-17 540
            Sep-17 598
            Aug-17 552
            Jul-17 631
            Jun-17 573
            May-17 688
            Apr-17 774
            Mar-17 699
            Feb-17 674
            Jan-17 681

            Net monthly US imports of Venezuelan Crude Oil and Petroleum Products as a percentage of 12 months previous.
            Aug-18 87.5%
            Jul-18 76.9%
            Jun-18 89.0%
            May-18 64.5%
            Apr-18 69.9%
            Mar-18 55.5%
            Feb-18 49.9%
            Jan-18 61.2%
            Dec-17 62.6%
            Nov-17 69.7%
            Oct-17 80.6%
            Sep-17 80.2%
            Aug-17 79.1%
            Jul-17 74.7%
            Jun-17 79.3%
            May-17 99.7%
            Apr-17 106.3%
            Mar-17 87.8%
            Feb-17 92.7%
            Jan-17 105.4%
            Dec-16 79.9%
            Nov-16 92.4%
            Oct-16 93.4%
            Sep-16 92.6%
            Aug-16 82.5%

            U.S. Net Imports from Venezuela of Crude Oil and Petroleum Products (Thousand Barrels per Day)
            2016 721
            2017 610
            2018 (though Aug.) 451

            https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mttntusve2&f=m

            https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mttimusve2&f=m

    • “Could the spike in shortages be accounted for in the recent rise in North American purchasing of oil from Venezuela?” Wow Cucklehead that’s twisted, but good classic marxist economics. You get a red star, useful

      (Of course you remember that US refiners are the only buyers paying any significant hard currency to Vz. but don’t let that get in the way of an agenda. The law prohibits el pueblo from paying in hard currency, so why would the government sell to them?)

        • How do command economies determine market prices? They don’t. The elites set prices by decree.

          That defies your desire for collectivism. But take heart; free markets are the ultimate collective expression — all votes count.

          So you say that months of shipping constraints have increased deliveries of Vz oil to the US — Que milagro!

          Right…and production is increasing LOL.

          • I don’t say. I know nothing about world oil markets. A “world-leading financial markets data company” says.
            Has Thompson Reuters been taken over by the Marxists too? Jeepers.

          • Cucklehead: “I don’t say. I know nothing about world oil markets.

            That didn’t stop you from eagerly posting: “Could the spike in shortages be accounted for in the recent rise in North American purchasing of oil from Venezuela?”
            And:
            “So we see a roughly 30% increase in exports to the US…”

            You continuously demonstrate an even poorer knowledge of free and command economies.

          • Davy Jones. Perhaps you could tell me where the data is that shows that oil exports from Venezuela to the USA have not been increasing over the last year, as I’ve been reading in the Miami Herald and on the Google.

          • Canucklehead November 12, 2018 at 4:40 pm:

            Davy Jones. Perhaps you could tell me where the data is that shows that oil exports from Venezuela to the USA have not been increasing over the last year, as I’ve been reading in the Miami Herald and on the Google.

            Apparently Canucklehead didn’t bother to read my comment @ 2:38 pm where I posted EIA data which indicates that, in Canucklehead’s words, oil exports from Venezuela to the USA have not been increasing over the last year. There was an increase from the February and March trough of this year, but overall the data shows a decrease in the last year. which Canucklehead would have known had he bothered to read my comment. Also note that while Ven petro exports to the US increased from the Feb-March trough in April, since April they have trended downward.

          • Boludo. I did not read your comment. I did now. Don’t take it badly.

            The overall trend in sales of oil from Ven to the US is down, although the US remains under the Trump administration the largest customer for Venezuelan oil. There has been a recent increase in sales since the spring, we don’t apparently know why. And according to your data, Venezuelan purchases of petroleum products from the US are going up. Those seem to be the agreed on facts.

    • No, it can not. The USA is not to blame Canucklehead. The well established Marxist-Communist rule of Venezuela is to blame. You know, that ideology you do vicariously defend, love and believe in. That’s what’s causing this disaster, all that human suffering, thousands upon thousands of deaths per month. The hunger, the fear, the violence, the crime, the hopelessness. … all of it thanks to people that think the same way you do. Ever since 1848 when “Das Kapital” and “The Communist Manifesto” were written by your “God” Karl Marx it has brought nothing but death, disaster and dispair every single time it was implemented. If only you had the balls to go and live in Venezuela so you could experience the results of your beliefs. My offer to fly you first-class one-way to Caracas still stands!!!!

      • Elitists believe that Marxism is good for the little people… because the little people are too stupid and can’t be allowed to think for themselves.* Ergo, places like Venezuela, Cuba, El Salvador and Nicaragua are great places for Marxism to flourish.

        The rest of us can’t be allowed to do what we want either, because if we do, it foils their Utopian scheme.

        *Is it any wonder that the Democrat Party in the United States is so keen on “representing the little people”? They should just come out and say, “We think you are far too stupid to do anything for yourselves. You can’t do it. It isn’t in you to overcome. But, vote for us, and we will confiscate from all them Peters to redistribute to all you Pauls.”

    • Could the spike in shortages be accounted for in the recent rise in North American purchasing of oil from Venezuela?
      There is an interesting between a rock and a hard place analysis in the link.Trump talks tough on Venezuela, but is importing ever more Venezuelan oil.

      Third, and perhaps most interesting, while Trump likes to talk tough on Venezuela to gain votes in Florida, he may fear producing a worse humanitarian crisis that would almost commit him to a military intervention there.

      “If you break it, you buy it,” George David Banks, a former international energy and environment adviser to Trump, told the S&P Global Platts website. “The White House doesn’t want to own this crisis.”

      Trump has stepped up Obama administration’s individual sanctions against top officials of the Maduro regime, and imposed sanctions on purchases of Venezuela’s debt. But “the Trump administration is more hesitant than ever” to impose oil sanctions, says the Platts report.

      IIRC, Canucklehead was aghast when Trump was quoted as considering military intervention in Venezuela.

  1. So, I had posted this excerpt from oilprice.com to the prior story about school foid shortsges attempting to find out if the figures mentioned about gasoline shortages are right, particularly two claims that 80% of gas stations have suspended operations and the prediction that gasoline supplies will be exhausted in a week. Could this be right. In any evrnt here again is the excerpt;

    With operations grinding to a halt, PDVSA has burned through much of its inventories for gasoline and diesel. As a result, around 80 percent of the entire country’s fuel stations have had to suspend sales, according to Argus. “The national gasoline deficit is the worst it has ever been,” a senior official with the federation of oil unions (FUTPV) told Argus Media in early November. “Venezuela could be completely out of gasoline and diesel for vehicles in as little as a week.” Argus said that PDVSA issued widespread sale suspensions in late October. The dwindling supply of crude oil is now mostly being diverted to the international market so that PDVSA can earn some revenues needed to meet debt obligations.

    “There is no gasoline, the production of gasoline in the country is practically paralyzed. The Amuay refinery has no product to produce…In addition, 70% of the gasoline produced in the country is not converted into end consumer product,” Iván Freites, secretary of the workers union FUTPV told Today Venezuela.

    http://www.oilprice.com

    So the question is, no food, no problem no water no problem, no gasoline…?

  2. so, if I understand, raising the price to match prevailing prices in neighboring countries or issuing ration cards or a combination of the two solves the gasoline shortage problem or does it. Canucklehead seems to say that Venezuela could be starving its own refineries simply to export more for cash. Well, we should know soon if that is true. I guess it depends on the reaction of el pueblo. If they protest perhaps Maduro will feed his refineries again and impose price increases and rationing to keep his constituents happy or perhaps he will simply roll the dice and raise the level of oppression. The most anger I witnessed in the US was during the famous Jimmyu Carter gasoline shortages. People here were crazed. Let’s see what happens in Venezuela.

    • Cucklehead has some establishment marxist ideas about how economies run. Consider that Vz has had months of profound constraints at the very end of the output of their supply chain — i.e. lower shipments due to the ConocoPhillips seizures and reduced loading capacity due to the wrecked port facility. Vz refiners should be absolutely swimming in crude today, but they’re not because the production collapse is more rapid than predicted.

      Those asphaltene and ultra heavy wells can be off-line for only a short time before they are closed-in forever. They’ll have to drill new ones. When do you think that will happen under chavismo? That’s right, never.

  3. … with everyone singing the same song: Where the fuck do you get some gas?

    Won’t it be funny next year, when gas is snuck over the border from Columbia and sold at 5x the international rate?

  4. Two fundamental laws of the Universe are being compromised here:

    1) “There is not such thing as a free lunch.”

    2) “In a free market, there is no such thing as a shortage. There is only a price.”

  5. We have to go to the national guard outpost and get a permission slip for 50 liters per person per day. They write down all your information in a little book and look at me funny when they realize I am a foreigner. They asks me where I am from and when I say Canada they shrug and give me the slip of paper. Our gas station hardly has anyone fueling up anyway except on weekends when we have tourists coming in. I usually give the boys a bag of rice when I get my 70 liter jerry cans fueled (even though I am only “allowed” 50 liters) and when I fuel my moter cycle the turn and walk away before I can even offer to pay. Just waiting for it to end. Any day now.

  6. two weeks ago a report came out from workers at Cardon refinery that the 4 distillate units at the refinery . were down due to absence of crude feedstock suppliess (no oil to process) , even if one of the distillate towers also had technical problems even if it received the crude feedstock , distillate towers are the part of the refinery that 1st receives the crude directly before its transferred to the rest of the plants in a refinery for the full processing of products ,,,so it they are shut down once existing inventories dry up the refinery ceases to be operational . Next door Amuay refinery was also facing feedstock supply problems additional to the technical breakdown of certain of its most important facilities . When gasoline supplies started running low in Caracas the word of mouth explanation was that some gas stations were selling gazoline that busted the engines in your car so people shouldnt be buying that gasoline until the supply situation ws normalized……, some said the govt was the author of these rumours because they wante people not to buy so much gasoline …Some of my relatives complain of gas station shut downs that left them with a single gas station to service a big area.

  7. Consider all the unproductive people and capital sitting in lines all over Vz. Soon Venezuelan GDP will hit zero — Castro and Marx laugh hysterically.

    But who needs GDP or productivity when they have free petroleum? …(oh wait)

  8. FYI:

    Gas prices in the states have dropped big time over the past week. This is even with the winter cold weather oil heating season coming up, AND the Iran embargo which just kicked in again.

    Of course, the Saudis will pump baby pump to make up the Iran difference, and they’ve also recently hinted that OPEC’s time may have past.

    So they may have killed that journalist, but business is still business.

  9. I’m live in Caracas. While people were going crazy looking for gas, I just waited a day, next day, I had to travel a couple of hours so I got gas twice in a day, not a problem. 8 minutes tops.

    I realize Caracas is well off compared to the other cities/states. I’m just making it clear that things here are not as horrible as suggested. I mean, they are fucking horrible, but hours of queue for gas did NOT happen in Caracas.

    As for payment, I’ve asked several gas station workers, and they do not have a salary, they live entirely on what you give them. With cash being scarce, people give them whatever they have, be it money or Galletas María (which are actually worth WAY more than what people pay them), or nothing.

    I’ve asked them about the new system and when the prices are coming, and they have no idea. They don’t even know how to use the new system. Every now and then you see a PDVSA guy with a card reader explaining the thing, but the workers have no clue.

    It’s a mess, and I knew it would be just like that. The government cannot increase prices, it literally can’t. There is no money, expertise or will to do so.

    Chavismo is fucking evil (as we all know), but also, pathetic. In the last few months they’ve talked about 100 things they would do, with dates and everything. And they did not deliver once.

    Jesus, when will it end.

  10. Argus says a total gasoline deficiency countrywide is imminent, mainly due to: Venezuelan refineries operating at 20%/less of capacity due to little/no maintenance; tanker truck fleet only 20% or so operational due to lack of maintenance/spare parts; lack of $ to import gasoline additives; need to maximize crude exports to provide needed $ for food/essentials imports against a background of rapidly-declining crude production (estimated 1mm bbls./da. soon, 1/3 of pre-Chavez). Huge gas station lines/scarcity exists in Interior of Country, Caracas is being “protected”, but scarcity still exists (I spent 45 mins. in a recent gas line, after passing several closed gas stations, a motorcycle in front of me came from Valencia (2 hours away) to fill up, several cars which ran out of gas while waiting had to be pushed to gas pumps). The announced gas rationing by Carnet De La Patria has not been effected because only 20% of motor vehicles were registered, and, if the remaining 80% were forced to pay the announced near-international pricing, the Country would literally grind to a halt; additionally, gas pump handheld devices to credit the 20% registered vehicles for their gas subsidy don’t work usually due to electricity/internet/data base outages, inexperienced gas station personnel.

  11. An accounting.

    1. Rendered your 2015 election useless. Every election since rigged. CNE, TSJ, ANC
    2. Nationalized businesses galore, thereby ruining them
    3. Rendered the currency worthless. Banking is a farce. No access to worthless currency
    4. No running water
    5. Spotty electricity
    6. Ended whatever remained of reliable government bureaucracy (SAIME, etc)
    7. Healthcare? An ongoing joke. Even the “immunizations” are likely fake
    8. Education? (Pfft! And you thought healthcare was a joke!)
    9. Commerce? Anyone selling anything of value is marked as a vile profiteer
    10. Rampant crime. The mining arc
    11. Brain drain of epic proportions. Anyone with a skill is fleeing
    12. Government corruption at every level. ZERO accountability

    And now… your “nearly free” fuel and gas supply is running out. Forgive my yawn, but if the preceding 12 disasters don’t inspire some sort of reaction beyond another banging of pots and pans and throwing burning rubbish into intersections, nothing will

    Face it. Venezuelans have become accustomed to doing without… so long as they don’t have to risk their neck. Whatever pride in themselves they once had, it has dissipated.

    Bolivar would be proud(?) I don’t know if that comes across as an accolade, or as an accusation. YOU DECIDE.

  12. Crime and insecurity ran wild, people got used to it. Medicines ran out, people got used to it. Even food ran out, and people either adjusted, left the country or got used to it. If/when gas runs out, people will adjust, and get used to it. As always. There’s simply no fight in the Venezuelan people. They gave up. They’ll take any crap from the narco-regime. They survive, they adjust, they accept, just like the Cubans. Year after year, nothing happens, no matter how horrible the situation gets, they find ways, they get used to anything.

    That’s why they are doomed, unless the “international community” comes to their rescue. Militarily, of course, would be the only way. And apparently that won’t happen. So they are doomed. The criminal regime will never leave power for obvious reasons. Cubazuela: Doomed. Gas or no gas, food or no food, medicine or no medicine. They are screwed.

    • Totally agree. But even Cubans live a bit better, I mean, there’s no crazy numbers of murders each weekend in Havana.

      Venezuela might have the worst quality of life in the Americas.

    • A primer

      Piston gasoline engines use avgas (high octane aviation gasoline)
      Diesel piston engines can burn either diesel or Jet-A. (not sure how many diesel engines are out there)
      Turbines use jet fuel.
      Some military birds use a hybrid JP-8. The thing is they can damn near use any kerosene derivative. By design.

      I think the author was using gasoline as an analogy only. My understanding is that there hasn’t been a reliable source of jet fuel in Venezuela for a while. Not needed when nobody is flying in or out.

      • The tank size of the 747 was being used as a metric of comparison, the fuel used was not specifically mentioned. Prices have not risen enough to be meaningful, if they actually have. The State loses money on every gallon sold and a huge arbitrage opportunity is created because of Chavimo policies. Add corruption and ineptitude, lack of investment/maintenance, allow to marinate and this is the inevitable meal to be served.

      • Worked on some projects with the US military back in the late ’90s and the talk then was about a plan for a SINGLE FUEL type for the battlefield. Tanks, trucks, aircraft, all would burn the same stuff. I THINK that stuff was JP-8. Don’t know what happened with that plan.

  13. On another note- I just sent bicycle parts to family in Venezuela. I fear that riding a bicycle with new tires, etc may be as dangerous as showing an iPhone in public.

    No car parts available and now no gasoline, bicycles are the next solution.

  14. A shortage of gas should make it easier for a market price for it to be established by the next government.
    Although it will be hard on the psyche to actually pay for gas.

  15. When one looks at how little VZers have historically paid for gasoline, it’s a reverse miracle that they never used this advantage to advance other areas of economic development.

  16. Does the Venezuela still actively give away oil and refined petroleum products to Petrocaribe nations. I know they still supply parasitic Cuba, but what about the other crappy little nations?

    • Nothing will happen if Polar was not distributed. Venezuelan have become some sort of insensitive, unaware or dumb. Masochistic and lovers of “schemes” like filling many tank of gas a day to be sold in Colombia or Brazil black market.

    • Nothing will happen if Polar was not distributed. Venezuelan have become some sort of insensitive, unaware or dumb. Masochistic and lovers of “schemes”.

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