gasoline

Zimbabwe: President Cancels Davos Trip Amid Riots, Impeachment Rumors

President Emmerson Mnangagwa canceled a scheduled appearance at the World Economic Forum in Davos, Switzerland, this week after a week of rioting against his government that resulted in hundreds imprisoned and rumors of an impeachment attempt potentially organized by his own party.

Zimbabwe court dismisses opposition bid to annul election

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.

How far can Venezuela go in raising price of world's cheapest gas?

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.

The Associated Press

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.

The Associated Press