"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Friday, September 09, 2005

USA Gas prices before and after Katrina

USA Today have two very interesting nationwide US maps of gas prices, before and after Katrina here. Week Aug 23/31 National Avg = $2.71 Sept 3/5 =$3.04 = Average 11% rise.

This means gas in the US costs about 78 cents a litre retail, in the UK and Europe it is about $1.70 per litre retail.

Pic shows those heady days when gas cost less than beer.

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