World Fuel Prices — Live
What every nation pays at the pump right now — gasoline, diesel, propane and household natural gas. Prices converted for you: US gallons or litres, your choice.
Reading pump prices around the world…
Live web scan of retail pump prices, highest to lowest. Prices move daily and vary by city, station and grade, and heavily subsidised markets (Iran, Venezuela, Libya, the Gulf states) are set by government, not by market. North Korea has no open retail market — any figure shown there is a reported estimate. For comparison only, never a quote.
Venezuela Oil Ledger — Where The Barrels And The Money Go
🇻🇪 Largest reserves on earth · Who lifts it · Who gets paid · Does it reach American pumps
Proven reserves
~303 billion barrels
The largest proven crude reserves on earth — larger than Saudi Arabia's. Mostly heavy, tar-like Orinoco Belt crude that is expensive to upgrade.
Production today
~0.9–1.0 million b/d
Down from ~3.2 million b/d in the late 1990s. Collapsed wells, no maintenance capital, and sanctions did the damage.
Exported to the U.S.
~200–300 thousand b/d
Flows under specific U.S. Treasury licenses (Chevron's being the main one). Before 2019 sanctions it was over 500 thousand b/d.
U.S. total crude demand
~20 million b/d consumed
So Venezuelan barrels are roughly 1–1.5% of what America burns — real, useful, but not a swing factor on its own.
Why Gulf refineries want it
Heavy sour feedstock
Texas and Louisiana refineries were literally built for heavy sour crude. Venezuelan barrels are a short 5-day sail instead of a 40-day haul from the Middle East.
Follow The Money
No, the U.S. Treasury does not collect Venezuela's oil money
Correcting a common claim
The United States never took ownership of Venezuela's oil. What happened was sanctions, licenses, and frozen assets. Oil sold under license is paid to the producing companies, not to the U.S. government.
Chevron's licensed barrels
Paid to Chevron, taxed like any company
Chevron lifts crude and recovers debt PDVSA owed it. The U.S. benefits the ordinary way — corporate taxes, refinery jobs, and cheaper heavy feedstock on the Gulf Coast — not a direct payment to Washington.
Citgo / PDV Holding — the asset people mean
Proceeds go to creditors by court order
Citgo's U.S. parent was auctioned through a Delaware federal court. The billions raised pay Venezuela's own creditors — ConocoPhillips, bondholders, arbitration winners. Not the national debt.
Does Citgo help America?
Yes — as a refiner and employer
Citgo runs refineries in Lake Charles LA, Corpus Christi TX and Lemont IL — roughly 800,000 b/d of capacity, thousands of U.S. jobs, and fuel for thousands of branded stations. That value is real regardless of who owns the shares.
Seized and frozen funds
Held, not spent
Blocked Venezuelan state funds sit in escrow or are earmarked for humanitarian and creditor uses. Forfeited criminal proceeds go to the U.S. Treasury Forfeiture Fund — a rounding error against the national debt.
Could It Pay The National Debt?
Gross value / year
$7,665,000,000
Federal take / year
$1,609,650,000
% of debt / year
0.00%
Years to clear debt
999+
Against a national debt near $38 trillion, even a huge Venezuelan flow moves the needle slowly — and that federal take is tax revenue from commerce, not a check from Caracas. Cheaper heavy crude genuinely helps American refiners, drivers and truckers. Paying off the debt is a spending-and-revenue question, not an oil-field question. Move the sliders and see for yourself.
Track It Live — Tap To Open Current Reporting
Verify Every Number Yourself
Production, export and price figures are public estimates that change monthly, and sanctions policy can change overnight. Nothing here is investment, legal or political advice — it is a map of publicly reported facts so you can check the claims you hear for yourself.
World Economy Grid — Live
Every nation's whole economy on one console: in the black or in the red, where it sits on the hyperinflation scale, what a family pays for groceries, and which refineries and pipelines are still running.
Reading the world's books…
Live scan of official statistics and market reporting, revised constantly. Some governments publish unreliable numbers — North Korea, Venezuela, Syria and Iran figures are credible estimates, not audited books. For situational awareness and comparison only, never investment advice.