Skyrocketing oil prices

A signboard at a gas station in Seoul, Tuesday, shows the recent surge in gasoline prices. International oil prices peaked in recent weeks to their highest in seven years, prompting a spike in domestic prices. U.S. crude oil topped $80 per barrel Oct. 8, the highest since 2014, and has since inched up further. The price of gasoline in Seoul, the region with the highest oil prices in Korea, exceeded 2,500 won per liter, up from 1,800 won the previous day. Yonhap