A liter of 91-octane gasoline in Venezuela costs one bolivar -- but an egg in the hyperinflation ravaged economy costs 200,000 bolivars, and one US dollar trades on the black market at 3.5 million bolivars

Venezuela: Queues of Up to Five Days to Access Gasoline

Car owners in Táchira, Venezuela, had to wait up to five days to buy gasoline this week after Nicolás Maduro’s socialist regime piloted a new scheme to keep foreigners from profiting off of subsidized prices.

Franz von Holzhausen; Tesla Model X

Tesla’s ‘Success’ a Great Example of How Regulations Manipulate Markets

The American consumer resists marketing aimed at selling them electric and hybrid vehicles. For the first quarter of 2015, according to the Wall Street Journal (WSJ), Chevrolet sold 1,874 Volts—its electric car introduced in 2010 with “high expectations.” That roughly equals the number of Silverado pick-up trucks sold in one day.

AP Photo

Oil Is Down. Gasoline Isn’t. What’s Up?

A little more than a year ago, oil prices reached above $100 a barrel. Gasoline averaged in the $3.50 range nationally. In late spring, oil appeared $60ish and the national average for gas remained around $2.70. The price of a barrel of oil has since plunged to $40 and below—yet, prices at the pump remain just slightly less than they were when oil was almost double what it is today.