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What happened? Take me back
(lemmy.world)
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this post was submitted on 24 Aug 2024
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FWIW prices are really high now here in America too, and we weren't relying on Russian oil.
Oil has a single price on the global market, doesn't matter if you're in the US or Europe.
As it turns out, moving oil across the ocean is really expensive. Even if you can buy oil at the same price in the US and Europe, it's still cheaper to buy it locally and not have to deal with moving it.