Theoretically we know the impact of gas prices going up and the difficulty that the Strait of Hormuz presents. But i will tell you it hits different when you see it on the ground.
Everywhere in Addis Ababa you will see 40-60 car lines, waiting for gas. Takes 1-2 hours to get gas, and the worst part is you won’t know if they will have any gas by the time you get to the front of the line.
Spoke with several different business owners and the trickle down effects are slowly destroying them. The price of everything goes up, but it’s going up at a pace where they can’t pass it off to the consumer.
My guess is governments will have to subsidize more aggressively, but the main problem is there isn’t enough gas.
It’s a tale as old as time, but seeing how a few douche bags in suits can make decisions and have billions of people bear the brunt of those decisions is difficult to witness.
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