At one of my hosting facilities outside Seattle I'm paying $2k per month for 25 terrabytes of transfer which is industry average. That's roughly 7.8 cents per GB. I'm billed using 95th percentile billing as is everyone running at scale. We're small compared to many larger consumer web startups. As you increase in scale, prices drop dramatically e.g. triple our transfer would give roughly half the price.
I know you're probably referring to options for small startups just starting out, but thought I'd share that data.
Your numbers are wrong, $0.14/GB is only for storage. The thing that will most likely bite you depending on what kind of site you are hosting is the $0.15/GB outbound transfers.
But yes it will still be cheap for most static sites like a jekyll blog or something, if you ever reach more than 130 GB of outbound transfer you have just reached the cost of an entry level linode with transfer of 200gb included.
Ruby Ring  offers an unlimited VPS for $2.49! I'm a flat-fee junkie, and although I hope I some day have the prospect of actual overuse, I love the peace of mind associated with flat fees.
Just for the curious, yes, you do get quite a few interruptions in your service, but the staff is pretty good about it, and it's a reasonable thing to expect given the conditions. Certainly it is OK just for learning, which is my case.
If you sign with a 1-year contract it's even cheaper. I've been using 1and1 for 5+ years and the performance is pretty good. I've only had a couple of hours of down time in those five years and support got back to me very quickly
I've started with one server in approx. 2003, in 2003/2004 they had once or twice half day downtimes, I can't remember any downtime since 2006 at least, sometimes certain routes are a bit slowed down, but I guess that's to be expected (they nicely inform about stuff like that in the forum) Oh yeah in 2009 they moved data centers which resulted in 6 hours scheduled downtime during the night.
I've just seen nowadays they guarantee 99% Network availability.
None of my 7 servers has ever suffered a hard disk crash or similar, which is nice but not actually a meaningful data point. (Another nice point, internal traffic is free, even between their data centers)
Their support is top notch in my experience, answers within 15 minutes with the free support. Just read a random post in their support forum, they switched a defective power supply within 2 hours. They once phoned me because one of my servers was behaving suspiciously.