That’s cheap!

The article only talks about the war with Iran. But Ukraine has taken out more of Russia’s processing facilities and Russia has announced that they’re no longer going to export [?gas ?petroleum? can’t remember offhand]. Whatever it is, the loss of the additional fuel is also going to drive up the cost of fuel.

It’s also going to drive to the cost of food - not only in transporting seed and fertilizer to the farm, tractors and combines on the farms, and trucks away from the farms, but also because gas and oil and their byproducts are critical components of several types of fertilizer. Food insecure nations are going to be struggling, and even nations who are comparatively food stable will see rising prices.

Is that an actual ‘lol’ in a FT.com article next to the originally forecast price of Brent crude?

“yea we were thinking about back in 2008 how expensive gas was. and we said ‘surely we can charge more than that.’ stay tuned, everyone!”

If only you’d have built some trains and bikepaths… Who’s laughing now eh?

So, what does that price translate into gas at the pump prices?