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.