Saudi Arabia King Cuts Gasoline Prices 25 Percent

[CatWoman]

why can't our "king" do the same for us?

RIYADH, Saudi Arabia — With gasoline prices at historic highs in the United States and some other Western countries, Saudi King Abdullah issued a decree Sunday lowering domestic gasoline prices by about 25 percent immediately.

According to a government statement, the decrease was to reach 30 percent by year's end.

http://www.foxnews.com/story/0,2933,193743,00.html

[Deja Q]

1. Fascinating.

[xultar]

2. Ahh Sliders, I loved that show.

[brokensymmetry]

11. Truly. But the more fascinating question is...

why? Why would the King do this? Love for his subjects? Or an attempt to buy-off
dissent we aren't hearing about?

Just wondering.

[MADem]

3. They still have a ways to go to reach Venezuela--twelve cents a gallon

http://money.cnn.com/pf/features/lists/global_gasprices/

[mike_c]

7. that list's about a year old-- it's up to about $0.19 in Caracas...

...if I'm not mistaken. Prices like a runaway train, really.

[MADem]

10. Yep, it's over a year old, actually....but nineteen cents!! Oh, the

humanity!!!!

I can remember getting gas in Iran for something like two or three cents a litre. That was a LOOONG time ago, though!

[muriel_volestrangler]

12. SA diesel now at 6 cents a litre

"In order to improve the living standards of citizens and for the public good, we have ordered that the price of one litre of petrol for the consumer be changed to 0.60 riyals (17 cents) instead of 0.90 riyals (24 cents) until 10/12/1427," the decree said, referring to the last month of the Muslim lunar calendar which would coincide with next January.

The decree, which becomes effective on Monday, also cut the price of one litre (0.26 gallon) of high octane petrol by 25 percent to 0.75 riyals (20 cents) and that of diesel fuel by almost 35 percent to 0.25 riyals (6 cents) per litre.

http://news.yahoo.com/s/afp/20060430/wl_mideast_afp/saudioilconsumerprice_060430193212

Energy content of 1 litre of diesel: 10.8 kWh

That's also about 25 cents a gallon. Can anyone buy bottled water that cheap?

[SoCalDem]

13. We don't use water to power our "to work" transportation

and there are other things to drink :)

[Maine-ah]

4. are the gas/oil companies government owned/operated?

or are they held by private corporations/citizens?

[mike_c]

5. that would drop it down to about $0.75 a gallon or so...

...in Riyadh if I'm not mistaken. I think it's about $0.19 in Caracas.

[lonestarnot]

6. OH FLAME! n fuck fox news!

[barb162]

8. If you've got it, flaunt it

They've got it

[rodeodance]

9. umm. guess Bush should hold some more hands? for the US?

[GreenInNC]

14. wish our king would do the same

[CatWoman]

15. BINGO!!!!!!