http://www.nytimes.com/2003/10/16/business/16HALL.htmlexcerpt -
Halliburton has charged the government $1.62 to $1.70 a gallon for gasoline that could be bought wholesale in the Persian Gulf region for about 71 cents and transported to Iraq for no more than 25 cents. The fuel was sold in Iraq for 4 cents to 15 cents a gallon, the letter said
.....Based on information that Mr. Waxman's office obtained from the Corps of Engineers, Halliburton received $304,486,577 to import 191,965,150 gallons of gasoline into Iraq as of Sept. 18. That would come to $1.59 a gallon on average, the letter said. Halliburton's contract calls for the government to cover costs and pay a profit margin of 2 percent to 7 percent, which would bring the price of gasoline to $1.62 to $1.70 a gallon.
According to the Congressional Research Service, the letter continued, the average wholesale price of benchmark Arab Gulf gasoline from April through September was about 71 cents a gallon. Industry experts who Mr. Waxman's office spoke to said it should cost no more than 25 cents a gallon for Halliburton to transport gasoline by tanker-trailers from neighboring countries to Baghdad. That would leave at least 66 cents a gallon unaccounted for, based on the Dingell-Waxman letter.
Iraqis pay the equivalent of 4 cents to 15 cents a gallon for gasoline, which means that American taxpayers are footing the bill for bringing oil into Iraq.