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> the rest of the world, where petrol costs real money in part because a U.S. dollar has to be bought in order to buy the oil that is always priced in petro-dollars.

This contributes nothing to European gas prices. You can convert all the dollars you want with fees of 1% or less. European gas costs more than double the price of American gas. You're paying high prices because your gas is taxed heavily, not because oil is denominated in dollars.



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