PPRuNe Forums - View Single Post - Living in Dubai
Thread: Living in Dubai
View Single Post
Old 9th December 2005 | 03:40
  #65 (permalink)  
gl69
 
Joined: Aug 2003
Posts: 66
Likes: 0
From: usa
With market forces in place in the EU and the USA the economy has a suppply and demand that works. In the present form gas prices are now cheaper in the US than in the UAE. The UAE jacked their prices a couple of months ago to about 6.75 dhs a imp gallon. The US saw their prices rise as well when oil was $70 a barrel. Now with the price of crude around $57 a barrel the price per gallon in the states and especially the southern states is near $2 a gallon. The price has come down a little bit in the US while the price is the same in the market controlled UAE.
Just food for thought
gl69 is offline