Then I’ll explain it to you. Europe is paying the equivalent of $60/bbl for oil. Why ? Here ya go...
http://www.americanprogress.org/issues/2004/11/b258795.html
Math may be simple but context is everything.
The US Dollar equates to more.
Yes, but the Euros WERE paying the equiv of around $20/barrel not that long ago so it’s still tripled for them. (up 5x-6x for us)