The own once-formidable refining industry of Venezuela cannot produce gasoline and country is facing a chronic shortage of gasoline.[7] Fuel shortages have been common in Venezuela. In 2020 the shortages reached Caracas, sparking mile-long lines at filling stations.[4] Due to shortages, the price of fuel in the black market reached $10 a gallon.[5] Venezuelan petrol prices were once among the world's cheapest.