http://www.boston.com/news/nation/articles/2003/10/16/company_accused_of_gouging_on_gasoline/Waxman said Army documents showed that as of Sept. 18, the United States had paid Halliburton $300 million to import about 190 million gallons of gasoline into Iraq. Halliburton charged an average price of $1.59 per gallon, excluding the company's fee of 2 percent to 7 percent, said Waxman.
He said the average wholesale cost of gasoline during that period in the Middle East was about 71 cents a gallon, a figure an oil industry source told Reuters was accurate. That meant Halliburton was charging more than 90 cents a gallon to transport fuel into Iraq from Kuwait.
"When we checked with independent experts to see if this fee was reasonable, they were stunned," said Waxman, saying a reasonable transport cost would be 10 to 25 cents per gallon.
"The overcharging by Halliburton is so extreme that one expert privately called it `highway robbery,' " he wrote.
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