Quote:
Originally Posted by slowmover
All we see here is the subsidized price. If one removes all subsidies, then US fuel is nearly $12/gl. This same subsidy also underwrites European fuel to some extent.
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Interesting, this is opposite of what I thought I knew. That being, our gas prices are so low (relatively) because of the (relatively) low taxes on fuel. And that the prices in Europe were so high because they taxed fuel quite a lot.
Do you have data to support the $12/gallon price?
-soD