As gasoline soars, Libyan rebels pay 46 cents a gallon
World fuel prices are surging, in part because of the bloody battle to topple Moammar Gadhafi, but there's one place where the price of a gallon of gasoline actually has dropped: war-torn Libya.
Rebels in eastern Libya filling up their tanks as they head to battle down the country's coastal highway are paying 25 percent less than they did before their revolution began last month.
Today, gasoline costs the equivalent of 46 U.S. cents a gallon; last week, the price was just over 62 cents.
Oil company officials in Libya say the drop had nothing to do with the traditional rules that drive prices, such as supply and demand: Gadhafi ordered the price cut to curry favor with his unhappy people.
World fuel prices are surging, in part because of the bloody battle to topple Moammar Gadhafi, but there's one place where the price of a gallon of gasoline actually has dropped: war-torn Libya.
Rebels in eastern Libya filling up their tanks as they head to battle down the country's coastal highway are paying 25 percent less than they did before their revolution began last month.
Today, gasoline costs the equivalent of 46 U.S. cents a gallon; last week, the price was just over 62 cents.
Oil company officials in Libya say the drop had nothing to do with the traditional rules that drive prices, such as supply and demand: Gadhafi ordered the price cut to curry favor with his unhappy people.
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