The petrol price in Dubai has risen today, in part because of the UAE’s oil output surge, and in part because it is the first time in the Gulf’s history that one of the world’s oil exporters has had an oil price higher than the other. While it is a welcome relief for the UAE’s oil producers, it comes at a price for the consumers of Dubai and Dubai residents.
This may not be much of a relief for the people of Dubai, who are now paying more for their gasoline than they did at any other time in the last 10 years. The UAEs oil production increase has lead to prices that are about 30% more than the price of a year ago, which is probably not what you want if you live in a city like Dubai.
The UAE’s oil price has increased at the same rate that the global oil price has. The global oil markets are more favorable for Dubai than the global oil price, but if you’re going to spend more on your own oil than you’d like, you can’t get more than the top 5% oil price.
It may sound like a lot of money, but for the average person in the US, the difference is probably more than enough to cover the cost of living.
Well, just for comparison, the average cost of living in the US is $68,853. The average cost of living in Dubai is $8,938. The difference between these two numbers is probably more than enough to cover your daily expenses, plus a few extra things that a person living in the US might not want to hear about.
Yeah, that’s what I thought. I mean, we’re talking about a country where we have $15,000 in interest on our $20,000 house. It makes no sense to me that a person living in the US, where we have no interest on our $15,000 house, would be paying $15,000 for a car.
Well, the thing is, its not like we are living on a budget. We are paying a bit above what we would if we were living in the same house we are in. We’re not exactly spending like kings, but we definitely are not spending like beggars.
The US is the land of the rich because it has the most income inequality in the world. So it’s only natural that there would be a bit of a gap between what the rich and the poor spend. That’s also why some countries are experiencing so much inflation lately. It’s because so many poor people have no money. It’s also why people who were living in poverty in the past are now living in the richest nation on earth.
Inflation means people are spending more and spending less, which is great for the economy. But it also means prices will continue to rise. This phenomenon is known as “inflation targeting” or “inflationary bias.” It’s the idea that prices should be increased to prevent inflation. When prices are increased, people are forced to spend less, which makes their overall economic situation worse. If inflation is not prevented, the economy could collapse, and many people will lose their jobs.
The first thing every person in the world should do is to check the oil in their car. This way, as soon as they get in their vehicle, they will know whether or not it’s running and have an idea of how much fuel is currently required to go to work, school, or wherever.
