What are the people of Kuwait paying for a gallon of gas?
482254
I just got back from Kuwait and Baghdad i spent a year going between both places. I am active army, so i know the area well.  I do not know for sure about kuwait but I do know that in Baghdad there were vendors walking along the street with gas cans offering to fill your vehicle up for 25 cents a gallon.  Cigarettes are only 50 cents a pack, however, you can get them for 35 cents if you bargain.  Those dvds that you pay 15 bucks for here cost 75 cents to a dollar there.  The american dollar goes a long way over there............and by the way for your friend who responded; there are no car bombers in kuwait, I never heard of a single one going off when I was there.  They do not pay with their lives either, Kuwait is doing allright economically and peace thrives in most of the nation.  The few circumstance we encountered were insurgents from iran, syria, and iraq crossing over to start crap, but they only did drive by's and then sped like hell.  It was rare, but a few times over a year
363434
Nationally, the average per gallon price for regular gasoline is $2.50.\n\nAre gasoline prices high? That's not the best way to ask that question. It's akin to asking, "Is Williams tall?" The average height of U.S. women is 5'4", and for men, it's 5'10". Being 6'4", I'd be tall relative to the general U.S. population. But put me on a basketball court, next to the average NBA basketball player, and I wouldn't be tall; I'd be short. So when we ask whether a price is high or low, we have to ask relative to what.\n\nIn 1950, a gallon of regular gasoline sold for about 30 cents; today, it's $2.50. Are today's gasoline prices high compared to 1950? Before answering that question, we have to take into account inflation that has occurred since 1950. Using my trusty inflation calculator (www.westegg.com/inflation), what cost 30 cents in 1950 costs $2.33 in 2005. \n\nIn real terms, that means gasoline prices today are only slightly higher, about 8 percent, than they were in 1950. Up until the recent spike, gasoline prices have been considerably lower than 1950 prices.\n\nSome Americans are demanding that the government do something about gasoline prices. Let's think back to 1979 when the government did do something. The Carter administration instituted price controls. What did we see? We saw long gasoline lines, and that's if the gas station hadn't run out of gas. It's estimated that Americans used about 150,000 barrels of oil per day idling their cars while waiting in line. In an effort to deal with long lines, the Carter administration introduced the harebrained scheme of odd and even days, whereby a motorist whose license tag started with an odd number could fill up on odd-numbered days, and those with an even number on even-numbered days.\n\nWith the recent spike in gas prices, the government has chosen not to pursue stupid policies of the past. As a result, we haven't seen shortages. We haven't seen long lines. We haven't seen gasoline station fights and riots. Why? Because price has been allowed to perform its valuable function -- that of equating demand with supply.\n\nOur true supply problem is of our own doing. Large quantities of oil lie below the 20 million acre Arctic National Wildlife Refuge (ANWR). \n\nThe amount of land proposed for oil drilling is less than 2,000 acres, less than one-half of one percent of ANWR. The U.S. Geological Survey estimates there are about 10 billion barrels of recoverable oil in ANWR. But environmentalists' hold on Congress has prevented us from drilling for it. \n\nThey've also had success in restricting drilling in the Gulf of Mexico and off the shore of California. Another part of our energy problem has to do with refining capacity. Again, because of environmentalists' successful efforts, it's been 30 years since we've built a new oil refinery.\n\nFew people realize that the U.S. is also a major oil-producing country. After Saudi Arabia, producing 10.4 million barrels a day, then Russia with 9.4 million barrels, the U.S. with 8.7 million barrels a day is the third-largest producer of oil. But we could produce more. Why aren't we? \n\nProducers have a variety of techniques to win monopoly power and higher profits that come with that power. What's a way for OPEC to gain more power? \n\nI have a hypothesis, for which I have no evidence, but it ought to be tested. If I were an OPEC big cheese, I'd easily conclude that I could restrict output and charge higher oil prices if somehow U.S. oil drilling were restricted. I'd see U.S. environmental groups as allies, and I would make "charitable" contributions to assist their efforts to reduce U.S. output. Again, I have no evidence, but it's a hypothesis worth examination.
1180958
If we had so much more income than expenses like Dubai and Kuwait, then YES. Both places have something we don't, however - the majority of their workforce are not citizens.  They don't give them any social benefits (not even public schools, let alone pensions or job creation schemes), and the actual citizens that do get these benefits are only 11% in Dubai and 30% in Kuwait.  Therefore, they can afford it.  Alaska is having problems with those payments and covering its budget because it has to provide benefits to evryone, not jsut the top class, and I don't they shoul dmake direct payments unless they can cover their operating costs (its not worth debt).\n\n\nWe oculd get the same if the payments went only to the top tier and the rest got nothing.  That tier would get far more than Kuwaitis or Emeriatis do.  Its just the rest that owuld suffer.
302739
Poltical instability in the middle East is a cause for higher gas prices. It's ironic that Iraq is one of the least expensive places to buy gas in the world. The oil companies can't just jack up prices whenever they want, regardless of what you may have heard.
393738
i hope so\nin c.t. taxes are 54 cents each gallon\nso the states can do something too\n\nbut we are spoiled.i read last fall some euro countries drivers pay over 7.50 a gallon (the metric equivalent)
722705
My guess is that the price of gas keeps going up because we are still willing to pay it..  even though we should all just buy bicyles.  Second hand ones can't be more than $100.  Probably not that much.  Anyways, we need the gas so we pay high prices for it.  Sort of like food.  We need it, so we pay whatever the supplier says the price should be.  Here's a thought,  how about all of us who b*tch about the price of gas, go get on welfare so we can afford to buy the gas. Hey it might happen.   Just insist that you are mentally unstable.  Which of course, has to be true because society totally sucks.
359868
yeah.. good point... but I'm in S.C. and we have one of the lowest gas taxes in the nation and we're still paying near $3 for it... I don't know how that works exactly... oh yeah, greedy oil bastards jack up the price no matter what
374893
LOL.  You is funny.  Well at the rate that the cost of gas is raising, they might have to bring it in.  \nI've heard of the government (NZ) helping people to get a haircut for a job interview but not helping them get their with petrol vouchers.  How stuffed up is that.
1118662
Never!Here in Europe gas is about 5.5 $ per gallon. The problem is not the price of gas. The real issue is having a lifestyle that complies with a sustainable environment. So don't ask yourself about the gas-prices.Ask yourself about how much gas you're use compared to how much gas you should be using
1154704
Sounds like a good choise to me. As in the near future with the cost of petrol going up continually, people wont be able to afford to run a car!
430448
I think we will probably see gas go to $3.75 a gallon this summer.  I drove to New York this past weekend and a gallon of regular gas was $2.80 and super was $3.05 (Ultra was $3.11)   I really feel sorry for all those people with their super big SUV's.  I think that as long as we keep on making these large cars that are like houses on wheels and keep paying to fuel up the prices are not going to come down...  just think what will happen if Iraq gets sanctions imposed on them by the west....
936895
You didn't say "Whos" price.\nI suspect you meant the consummer.  But, there's a lot of people and governments which try to get a piece of that dollar you spend on gas(oline?)\n\nThe prime culprits are taxes, commodities speculators, and other countries.\n\nSo the real answer is "whatever the market will bear".\n\nIt makes no difference that oil companies may keep their costs at are below inflation - outside factors are pushing the "price at the pump" to the point where the consumer rebels..\n\n"What I did like in the story is the soundbite (phone interview) they had with the CEO of Exxon, who was quick to point out that they (Exxon) make about 10 cents profit per gallon, while 'big government' (my words, not his) makes at least 4 times that per gallon.".....\n\n"The problem is that NO ONE ever mentions, like I have before, that these billions in profits is only about 8% of their total income. That is actually one of the lowest profit percentages of all industries."
84095
We'll spend $6 or $7 a gallon for gas because:\n\n- We're willing to.\n- Supply and Demand will dictate that price or higher.\n\nI saw a segment on 60 Minutes a couple weeks ago about huge reserves of oil in Canada. The reserves reside within soil.
1005081
The average price in the U.S is $3.50 per gallon.  About the same as what you are paying in India.
1060689
It does not matter how you split the hair! OUR Gov has "US" hooked into paying so many cork screwed things there is no citizen that can find who pays what where or how. WE can only know WHEN we pay! Every time we buy anything and April 15! 2 nations,Kuwait and Dubia, pay their people and do not tax them. In Kuwait you pay no rent, telephone, hospital, income tax, or utilities. There if your a citizen YOU get paid $58,000 y to boot! Alaska pays their people not taxes their residents! It's oil Iknow. Oil IS just 1 of thousands of commodities. With all the commodites in your state why aren't you getting paid? With all the resources of the Feds why aren't they paying 50 times what alaska pays?  Your being lied to! taxes are a smoke and mirror lie of the Gov.
785033
around 15 cents a gallon (memory). That was back when a dollar would go a long ways. Now  it is $3.00, so I guss the average would be about a dollar forty five.
378038
LOL, ha ha, funiest joke I heard all day, they know we will pay $3.00 a gallon now, it won't go back. Do I her $4.00