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Iraqis Paying 5 Cents a Gallon for Gas
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| Contributor | DFWDem |
| Last Edited | DFWDem Jun 06, 2004 05:22pm |
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| Category | Advertisement |
| Media | Website - Yahoo News |
| News Date | Sunday, June 6, 2004 06:00:00 AM UTC0:0 |
| Description | BAGHDAD, Iraq - While Americans are shelling out record prices for fuel, Iraqis pay only about 5 cents a gallon for gasoline — a benefit of hundreds of millions of dollars subsidies bankrolled by American taxpayers.
Before the war, forecasters predicted that by invading Iraq (news - web sites) and ousting Saddam Hussein (news - web sites), America would benefit from increased exports of oil from Iraq, which has the world's second largest petroleum reserves. That would mean cheap gas for American motorists and a boost for the oil-dependent American economy.
More than a year after the invasion, that logic has been flipped on its head. Now the average price for gasoline in the United States is running $2.05 a gallon — 50 cents more than the pre-invasion price. Instead, the only people getting cheap gas as a result of the invasion are the Iraqis. |
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