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U.S. Gas Prices Low in Comparison to European Countries

June 1st, 2008 at 06:35 by MsUnderestimated

You think gas prices are high here in the U.S.? Hogwash. Yes, they are high according to what we had been paying for in the past, but it’s a real bargain when compared to what some other countries are paying. From an article in Time:

As American drivers groan over prices nearing $4 a gallon, the French are paying $8.67 for a gallon of super, compared to $7.10 in January, 2007. A gallon of diesel in French gas stations averages $8.54, up from $5.35 just a year ago. And in the U.K. diesel costs $11.50 per gallon, compared to around $3.90 in the U.S. Across the European Union, the average cost of a gallon of gas runs to about $8.70 — more than twice what Americans are shelling out to fill up.

And do you want to know what is the culprit of the higher prices in Europe?

One big reason for the difference is that European governments put a much higher tax burden on fuel than the U.S. does. State and federal taxes currently make up just 11% of the pump price in the U.S., according to the Energy Information Administration; in France and the U.K., taxes account for an average of around 70%.

You hear that folks? Higher taxes.

So tell me this; just how is it that we’re going to lower gas prices in the U.S. by buying into the Democrats’ plans of taking over the oil companies, and/or their “record profits,” and having the U.S. Government run them? The answer is we won’t be lowering gas prices if we elect a Democrat as President. Higher taxes only means a higher price for everything we buy. When will Americans wake up, get out of this “I want my mommy!” phase and realize that we have to take care of ourselves? We cannot depend on the government for everything we need; that’s up for each and every individual to achieve for themselves.

Fairtax anyone?

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