How much more expensive is petrol in the post-Iraq invasion environment? I have not studied the matter in any sort of detail, but it certainly seems to have risen by a large amount. It has led to bureaucratic interventions such as the “Petrol Commissioner”, and the ACCC has been given greater powers.
But there’s a better way to bring down petrol prices – stop invading other nations. Congressman Ron Paul explains how an interventionist foreign policy affects gas prices in his Texas Straight Talk:
‘Especially since the War on Terror and the PATRIOT Act, many oil-producing nations and banks are concerned the US government may freeze assets based on flimsy pretexts. This fear contributes to dollar weakness, and therefore also high oil prices…’