Are Higher Prices a Blessing? - Mises Institute: "Consider the long journey that a litre of gas makes from faraway oil fields to your local filling station. Oil deposits must first be found — often on the other side of the world or on the bottom of the ocean.
After massive infrastructure is developed, oil is extracted, transported across the globe, refined, and trucked thousands of kilometres to where you live. Let's not forget the massive military expenditures from countries like the U.S. to secure foreign oil supplies and the political and human turmoil that this creates. Considering all that, why then should gas cost about half as much as bottled water?"
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