Why are gas prices so high?

Gas prices have been rising consecutively for the past months, it went from 70 cents/L couple of months ago to the current price of $1.40/L. Several reasons were used to explained the raise in the cost of gas, and none of them really make senses, at least to me.

China.

That’s one of the first reasons used to explain the raise from 60 cents to about 90 cents, everyone knew that China have a large population, and it is modernization Read more…