Energy was a major concern worldwide. With growing global demand for oil, especially from China and India, and a decline in easily extractable oilfields, prices skyrocketed. A single barrel of oil cost around $40 in 2007, but nearly $120 by the middle of 2008. The economic crisis brought this back down to $60 by the end of the year, but experts expected prices to continue to rise over time. This, in turn, severely impacted the price of petrol, particularly in the United States, a highly car-dependent country where many people drive for an hour or more to reach work.
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