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What happened? Take me back (lemmy.world)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 2 months ago (1 children)

Supposedly the argument for the recent absurd food prices is because of oil prices increasing (translates to shipping costs increasing) so much with Russia invading Ukraine and everyones sanctions on Russian oil plus the disruption of wheat production in Ukraine.

And then there's just plain old fucking greed.

[–] explodicle 13 points 2 months ago (1 children)

FWIW prices are really high now here in America too, and we weren't relying on Russian oil.

[–] [email protected] 1 points 2 months ago (1 children)

Oil has a single price on the global market, doesn't matter if you're in the US or Europe.

[–] [email protected] 4 points 2 months ago* (last edited 2 months ago)

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.