Gas prices are so high they’re making governments suspicious ...Middle East

Governments are slashing gasoline levies to bring prices down. So why are customers paying record prices to fuel up?In Germany and the UK, fuel companies are facing new government inquiries to determine if high fuel prices are the result of anti-competitive practices—the kind of review that president Joe Biden asked the Federal Trade Commission to conduct last fall, and that is still ongoing.All three nations are reeling from sticker shock as prices of gasoline soar in the wake of the Russia-Ukraine war. Over the weekend, the cost of a gallon of gas in the US topped $5 for the first time in history. At the same time, the UK witnessed its own new record, translating to roughly $8.54 a gallon.

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