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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In a nutshell, oil companies know they can get away with it. What are we going to do? Not buy gas? This is not political, gas prices are up all over the world. America is still lucky though, we have (on average) the lowest gas prices anywhere in the world. Most countries are paying over $10USD per gallon.
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