Dubai residents not in any rush to give up gas-guzzlers

Posted on Jun 24 2008 6:31 AM by Asif

Filed Under: Detroit Auto Show ,

While the government of Dubai is testing in Chevy Tahoe Hybrids as taxis, ordinary drivers aren't being quite so conscientious. So far record high prices for crude oil aren't being felt at the pump by drivers. While Americans are now paying over $4/gallon for gasoline, people in Dubai are paying only $1.36. Dubai itself has limited oil supplies and is getting only six percent of its revenue directly from crude. Nonetheless, the high price of oil benefits Dubai as people from more oil rich areas of the Middle East invest and spend their money in the emirate.

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