Chavez plans to keep Venezuelan gasoline among world's cheapest

President Hugo Chavez says Venezuela has no plans to raise state-subsidized gasoline prices anytime soon. Gasoline is cheaper in Venezuela than almost anywhere in the world, selling for as little as 3 cents (USD) a liter. Chavez on Friday pledged to maintain fuel subsidies as a matter of "sovereignty" for the oil-producing nation. Gasoline prices haven't changed there for years, and many Venezuelans consider cheap gas a birthright. Hours-long traffic jams clog cities including Caracas, where fuel-guzzling sport-utility vehicles are common.