but is it really cheap because of the ecomony or because of the rocky structure most of our petrol giving nations are in right now? The economic change isn't affecting the mid east like it is affecting the U.S. because the lahore stock exchange and even the emirates are doing fairly well. BP is signing a contract to get 50% of Iraq's oil which will better the U.K. and the U.S..
I mean, i hate to say the war is about oil, which isn't not completely about, but it's a large part and the decreased stability in America isn't affecting the mid east. Israel's war hasn't affected the petrol prices either even though their ports are used to ship much of it. The Russian stop on all gas to Europe didn't affect our shipping because there is no direct correlation. The prices are set by the fuel companies, the largest being Exxon which is (i believe) an Iranian company (i may be wrong by that country, though). It's also the most expensive in the U.S.