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Saudi Arabia and Kuwait paying .91 and .78 per gal in gas respectively.

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Tim4319 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-25-06 07:43 AM
Original message
Saudi Arabia and Kuwait paying .91 and .78 per gal in gas respectively.
I understand these countries are the ones producing much of the gas in this world. But, it still seems to me that this is "Highway Robbery"! The rulers of these countries, who GWB kiss and hold hands with, are making a killing, while we struggle to make ends meet.

<<snip>>
Gas prices are a lot higher elsewhere in the world. OK, there are some places in the world where they’re lower also. But even more than a year ago, in March 2005, CNN Money reported that drivers in Amsterdam, were paying $6.48 per gallon of gas. In Milan, the price of gas was $5.96 and, in London, it was $5.79.
On the other hand, CNN Money also reported drivers in Riyadh paying 91 cents a gallon. That was bested by gas at 78 cents a gallon in Kuwait City and 12 cents a gallon in Caracas. I knew there was something I liked about Venezuela.
Well, folks, don’t expect gas prices in this country to come down anytime soon. Take a good, hard look at the cheap-gas places. They’re all in oil-producing nations.

http://www.limaohio.com/story.php?IDnum=24937


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DS1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-25-06 07:47 AM
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1. Not to defend them, but that's like pointing fingers at farmers who
eat steak for 1 buck a pound. There's transportation costs, storage, taxes, etc that are factored in to the final prices. Most of the European costs are taxes, I believe.
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C_U_L8R Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-25-06 07:48 AM
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2. And in between is a whole lotta profit
for Republican cronies.
The Republicans are robbing America... blind.

Fortunately everyone is starting to see.. even the freeps.
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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-25-06 07:51 AM
Response to Original message
3. Yea but how much does a gallon of desalinated water cost?
And one can use a lot of them gallons.

Don
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Inland Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-25-06 08:16 AM
Response to Original message
4. That's THEIR problem.
Edited on Tue Apr-25-06 08:30 AM by Inland
Fact is, they are pissing away money in the same way any country would that sells oil, through subsidy or otherwise, for less that the market price. It's oil and refined product that could be sold on the world market for real money: instead they pretend to "share the wealth" with their middle class car owners. It's a subsidy, with all the distortions that go with it, and money lost.

Compare Norway, which has European gasoline prices....and 181.5 Billion Dollars in trust for its six million citizens.
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