September 30, 2007

From Nairobi To Tehran Costly Fuel Is Never Far From a Match - New York Times- Gas Prices

THERE are deep roots to Myanmar ’s current unrest, pitting its repressive regime against Buddhist monks, but the immediate spark was the junta’s unexpected decision in August to double fuel prices. In oil-rich Iran , civil unrest spread through Tehran this summer after the government rationed gasoline in an effort to curb the country’s addiction to cheap fuel; gasoline in Iran, imported because the country lacks refining capacity, is heavily subsidized and cost about 40 cents a gallon at the time. The problem is that fuel subsidies can quickly add up especially when oil prices keep rising as they have since 2003. Drivers in Tunisia, Honduras and Pakistan all paid more for their gasoline than Americans did last year, according to a survey of fuel prices compiled by GTZ, a German consulting firm. Still, the Chinese leadership has been gradually allowing fuel prices to increase, although its domestic state-run refineries still sell gasoline at a loss. read more

[Tags]prices, fuel, energy, gasoline, , oil, gas prices[/Tags]

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