The ideal price of gasoline
"Petróleos de Venezuela, the state oil company, says it produces 3.3 million barrels a day, but OPEC places its output at just 2.4 million barrels. And private economists estimate that a third of oil production goes to meet domestic consumption, which is surging because of a subsidy that keeps gasoline prices at about seven cents a gallon."
nytimes.com
Btw, the story is about how Venezuela narrowly vote down a referendum that would essentially made Chávez the permanent leader of Venezuela.