Wednesday, November 16, 2011

Nice chart showing the difference in gasoline prices between the US and Europe...Why the big difference???

Here is a chart showing the differences in the price of gasoline between the US and Europe at-large.  Why is there such a large disparity between the two continents?
Source: Business Insider

Much of the difference comes from the level of taxation on gasoline. Here are a few examples of countries shown above and the dollar amount in taxes levied on a gallon of gasoline.

Belgium $4.26

France $4.12

Germany $4.37

Italy $3.95

Japan $2.81

Netherlands $4.79

United Kingdom $4.47

United States $.39 
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