Friday, October 22, 2010

Gas prices getting you down? It could be worse---imagine filling your Hummer in Paris or Rome. And I don't mean those cities in Texas...

US gasoline prices relative to European gasoline prices.  Big difference, eh?  What accounts for a majority of the difference? Gas taxes across Europe are MUCH higher than the US. In Texas the state tax per gallon a is $.20 and the Federal tax per gallon  is $.194 (19.4 cents) for a total of $.39.4 cents assessed on each gallon you purchase.  Gas taxes in Europe range between $5.00 and $7.00.  The ACTUAL price per gallon is about the same, but taxes create the chasm.  Why do European countries assess such high taxes on gasoline?  Extra credit on the next test for good responses...

Source HERE
trgwertger


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