Gas Prices thread

OTB · 03-17-2008, 10:38 PM

All in perspective:

I paid 3.95 for deisel today.

Talked to a friend of mine lives outside of London...he is paying in the neighborhood of $8.00 US/Gallon.....and the spot price for oil is the same for everybody...the difference is a. the value of the dollar vs euro and b. the amount of taxes that they pay for each gallon vs the piddling amount (relatively ) that we pay in taxes per gallon.

This chart http://www.eia.doe.gov/emeu/international/gas1.html shows the historical differences we have paid...that is why we continue to drive bigger cars, trucks and SUV's than the the rest of the world.....tack on 3-4 more bucks in taxes per gallon in this country and you'll see a massive shift towards public transportation and these kinds of POS

In most European countries, there is a per litre exicise tax, and then a percentage VAT (value added tax) which is added on each time the fuel is handled (from the importer of the oil, to the refiner, to the jobber or distributor, and then from the gas station of, 17.5%....so each time, you are taxed on not just the price of the fuel, but on the previous taxes added on....which adds up to about 188%, or about $4.50-5.00 over the original price of the fuel; compared to, depending on which state you live in; somewhere about $.55-.68 per gallon in this country.

http://en.wikipedia.org/wiki/Gasoline_tax

Like I said....all a question of perspective.

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03-17-2008, 10:38 PM	#8
OTB The Man Join Date: Feb 2008 Location: CrabTown USA Moto: 00 Bimota DB4 Posts: 823	All in perspective: I paid 3.95 for deisel today. Talked to a friend of mine lives outside of London...he is paying in the neighborhood of $8.00 US/Gallon.....and the spot price for oil is the same for everybody...the difference is a. the value of the dollar vs euro and b. the amount of taxes that they pay for each gallon vs the piddling amount (relatively ) that we pay in taxes per gallon. This chart http://www.eia.doe.gov/emeu/international/gas1.html shows the historical differences we have paid...that is why we continue to drive bigger cars, trucks and SUV's than the the rest of the world.....tack on 3-4 more bucks in taxes per gallon in this country and you'll see a massive shift towards public transportation and these kinds of POS In most European countries, there is a per litre exicise tax, and then a percentage VAT (value added tax) which is added on each time the fuel is handled (from the importer of the oil, to the refiner, to the jobber or distributor, and then from the gas station of, 17.5%....so each time, you are taxed on not just the price of the fuel, but on the previous taxes added on....which adds up to about 188%, or about $4.50-5.00 over the original price of the fuel; compared to, depending on which state you live in; somewhere about $.55-.68 per gallon in this country. http://en.wikipedia.org/wiki/Gasoline_tax Like I said....all a question of perspective.