How much is gas in Saudi Arabia?

Wow, that's a real kick in the head. 60 cents a gallon?!?! oh good lord..

Saudi Arabia King Cuts Gasoline Prices 25 Percent

Want Cheap Gas? Head To Saudi Arabia

(May 2, 2006)--With gasoline prices at historic highs in the United States and some other Western countries, Saudi King Abdullah is slashing gasoline prices in his country by about
25 percent.

The drop in prices means Saudis will pay the rough equivalent of 65 cents a gallon for gas and a Saudi government statement says the decrease will reach 30 percent by year's end.

The big reduction in gasoline prices in the world's largest oil-producing nation was announced as prices in oil importing nations reached record levels and oil company profits soared to all-time highs.

The price of a gallon of regular gasoline in the United States now tops $3. in some areas.

Saudi Arabia has the world's largest known reserves of crude oil and is the current largest oil producer.



Monday, May 01, 2006

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.

The drop in prices means Saudis now will be paying 60 halalahs per liter of regular gasoline, or about 60 U.S. cents a gallon. The price of super drops to about 76 U.S. cents a gallon. There are 100 halalahs in the Saudi riyal, which is worth about 26 U.S. cents.

The statement said the king issued the decree to ease the "cost of living burden on Saudi citizens." The big reduction in gasoline prices in the world's largest oil producing nation was announced as prices in oil importing nations reached record levels and oil company profits soared to all-time highs.

The price of a gallon of regular gasoline in the United States now is above U.S. $3 in some regions.