eli5: why the current price of gas is much higher than in 2008 when the price of brent barrel was quite higher?

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eli5: why the current price of gas is much higher than in 2008 when the price of brent barrel was quite higher?

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Anonymous 0 Comments

Gas is a combination of oil, taxes, refinery margin, transport costs and retailer margin. You’re looking at one piece of the puzzle, when there are many.

Should also add that there is more than one oil price. Not everyone uses Brent. Though Brent, WTI, etc are usually similar.

Edit: probably state taxes plus transport / retailer costs. Refinery margin doesn’t look like its the answer.

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