A peasant carries sugar cane during harv

A peasant carries sugar cane during harvest in Guariba, 400 km from Sao Paulo, on June 6, 2008. While other countries are hiking prices at the pump, Brazil is going against the trend: maintaining retail prices by cutting fuel taxes. Ethanol, made from domestically-grown sugar cane, is cheaper than gasoline, and sells for just 1.5 reals (0.95 cents) per liter — giving the country an added measure of insulation from global oil prices. More than 80 percent of cars are «flex-fuel» models, meaning their engines are built to run on either gasoline or ethanol, or a mix of the two. AFP PHOTO/Nelson Almeida (Photo credit should read NELSON ALMEIDA/AFP/Getty Images)