Gas Prices in America and in Asia

The gas price has been increasing insanely during the past years, while in the US people are paying around $4 dollars/gallon, on the other side of the country, in China, people are paying around $1.5 dollars/gallon.

If gas is coming from the same sources, as neither the US or China are independent on oil producing, why is the price so different?

The answer is simple, the Chinese government controls the economy, on a pseudo socialist society, even though there’s a lot of international money in there, while neo-liberalism is widely practiced in America, private companies control the market, of course, the state does have control of the economy, but they’d better not try to fix it.

Last week, the US government tried to fix the horrible real estate situation of the country, the result was even worst, investments on the country felt by 10%, why? Investors said the government should not interfere on the economy, plain and simple.