Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

US Cocaine Supply Plummets

Prices rocket to highest in 20 years

By Colleen Barry,  Newser Staff

Posted Oct 3, 2007 5:46 AM CDT

(Newser) – The cocaine supply has dropped sharply in the last year in 37 US cities, which law enforcement officials attribute to a crackdown on drug cartels by Mexican authorities and a record volume of drugs seized at sea. New York, Los Angeles and San Francisco were among major cities experiencing sharp reductions in supply. The shortage has driven the price of cocaine to its highest level in almost 20 years.

In just the six months ending in June, the cost of a pure gram of cocaine jumped 24% to $119. The statistics, reported by the Office of National Drug Control Policy, comes as the Bush administration prepares to ask Congress for nearly $1 billion to help Mexico continue to fight traffickers.

Graphic charts the mean price of cocaine.
Graphic charts the mean price of cocaine.   (Associated Press)
A Colombian anti-narcotic police officer takes samples from a package of cocaine in Tumaco, Colombia, Thursday, Aug. 23, 2007. According to police officials nearly 3.5 tons of cocaine were seized from the Norte del Valle drug cartel during an operation. (AP Photo/Fernando Vergara)
A Colombian anti-narcotic police officer takes samples from a package of cocaine in Tumaco, Colombia, Thursday, Aug. 23, 2007. According to police officials nearly 3.5 tons of cocaine were seized from...   (Associated Press)
Members of the Nicaragua's National Police take samples from a package of cocaine in Ciudad Sandino, Nicaragua, where nearly 500 kg. of cocaine and heroin were seized during an operation, Monday, Aug. 13, 2007. (AP Photo/Esteban Felix)
Members of the Nicaragua's National Police take samples from a package of cocaine in Ciudad Sandino, Nicaragua, where nearly 500 kg. of cocaine and heroin were seized during an operation, Monday, Aug....   (Associated Press)
A member of the Nicaragua's National Police carries packages of cocaine in Ciudad Sandino, Nicaragua, where nearly 500 kg. of cocaine and heroin were seized during an operation, Monday, Aug. 13, 2007. (AP Photo/Esteban Felix)
A member of the Nicaragua's National Police carries packages of cocaine in Ciudad Sandino, Nicaragua, where nearly 500 kg. of cocaine and heroin were seized during an operation, Monday, Aug. 13, 2007....   (Associated Press)
Colombian police officers inspects packages of cocaine seized in Cartagena, Colombia, Tuesday, Oct. 2, 2007. About two tons of cocaine were seized. (AP Photo)
Colombian police officers inspects packages of cocaine seized in Cartagena, Colombia, Tuesday, Oct. 2, 2007. About two tons of cocaine were seized. (AP Photo)   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

Feds Helped Mexican Drug Honcho Move Millions

US Agents to Aid Mexican Cartel War

Drug Kingpins Corrupt Elite Mexican Unit

DEA Nabs 175 Mexican Drug Cartel Suspects

Mexican Drug Wars Spread to Touristy Yucatan


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne