12/24/2008

Hugo's Big Mess

Now that I am back to driving on a daily basis, I have been taking note of the prices at gas stations along my routes.

On interesting thing that I have noticed is that the prices at CITGO are significatnly higher than at other stations (by several to 15 cents). Why might that be? Perhaps it could be due to the ultimate benefactor of CITGO profits?

For those of you who don't know, CITGO is a "wholly owned subsidiary of PetrĂ³leos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela."

In other words, it belongs to Hugo Chavez.

Given the rapid decline in the price of oil, Hugo's little dictatorship is in desperate need of capital to prop up its tottering leadership and infrastructure.

Perhaps he wants to keep prices a little bit higher than everyone else to squeeze every last cent he can out of his most precious lifeline?

Who knows, but its just my observation....

UPDATE: Instapundit also posts concerning Hugo's massive revenue problems. Glenn had best be careful, or Hugo might nationalize Instapundit too....

2 comments:

pst314 said...

Last time I noticed (summer through fall) Citgo prices in my neighborhood were a bit lower than at other gas stations. I assumed that it was to compensate for reduced sales due to some Americans boycotting Hugo's Citgo.

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