Egypt to raise fuel prices by up to 78 percent from midnight: source

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DURO wrote:

China has fuel subsidies, and they are the second economy in the world. Why the US does not have price subsidy it makes no sense. We pay for the corrupt bankers, auto industry, insurance companies from our tax money but we can not subsidize the most critical product in our economy. Chinese price at the pump is a fifth of what we pay. Their government is paying the rest, and they still have boat loads of cash to buy our debt.

Jul 04, 2014 12:51am EDT  --  Report as abuse
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