Quote:
Originally Posted by bobdbilder
Most countries with a National Oil company have low gas prices. Socialism does work  So it puzzles me how we can get it here before you guys, Because it actually makes sense when rivals don't have anything to offer. |
How does having no rivals drive prices down?
Your low fuel prices are mostly due to the fact that Malaysia is a net exporter of oil. That, and extremely low taxation (not to exceed $0.13 per liter) that often results in a subsidy instead.
Mexico fuel prices are much higher than the US, and they have a nationalized fuel system. Your low fuel prices are despite having a nationalized fuel infrastructure, not because of it.
Your example of a hybrid not making financial sense is particular to your region, and isn't the norm most other places. Malaysia has the 3rd lowest fuel price in the world. With higher fuel prices, the payback period for a hybrid is greatly reduced.
Furthermore, not everyone finances a vehicle (I don't), and interest rates in the States are 2% if you do take out a loan.