Does the price of gas rise in arab nations during their holidays?
The price of gas goes up on American holidays -ie 4th of july; Thanksgiving- does this only happen in the USA or does it happen in other countries on their holidays too? Does it go up in OPEC nations?
- 1 decade agoFavorite Answer
This is a great question!!
The answer is no for a very good reason. Gas in most OPEC nations is owned by the government and sold at whatever price the "Gas Czar" decides to set.
I heard that Venezuela has set the internal price at 19 cents a gallon. I guess that's one way to buy votes. I wonder what happens when the cheap oil runs out?
- nadonoraLv 51 decade ago
No, it doesn't. It stays as a fixed price all year long but there are different octanes i.e. 80, 90, 92 & 95 all are set at different prices.
(((Saudi Arabia has recently reduced gas prices)))
- Liberal FascistLv 71 decade ago
It wouldn't matter as camels do not run on gas.
- ?Lv 61 decade ago