Oil is cheap, so Kuwait raised its own gas price to compensate

Oil field (Image: Flickr user johnny choura, used under CC license)

Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. In some cases, that means cutting back on cheap gas for their own citizens. DON’T MISS: Even Saudi Arabia vows to end its… …read more