A quick look at some of the things that make petrol pricing and transport work (or not):
At $2.78/L, you'd think that less people would drive in Istanbul, Turkey. You couldn't be more wrong. Image by flickr user adstream.
World’s largest proven oil reserves: Venezuela
World’s cheapest gasoline: Venezuela
Cost: $0.02/L ($1.40/L in Toronto)
Cost to fill up Hummer: $1.50 US
Average driving speeds in Caracas: 11-15 km/h
Last year roads were built: 1970
Number of cars in 1970: 200,000
Time to travel 2 miles via car: 2hrs 30 minutes
Cost to subsidize low petrol prices: $9,000,000,000/year
Last attempt to de-subsidize petrol prices: 1989
World’s most expensive gasoline: Turkey
Average commute times: 2-3 hours
Total length of underground metro network: 55km
Percentage of population owning cars: 25
Most popular form of transportation: Private car
Estimate number of new cars on the road in Istanbul per day: 600
1 Comment
Um . . . wow . . ? That one kind of terrified me.