mike d. Says:
March 22nd, 2005 at 2:58 pm
Why is it that Europeans pay so much more than us Americans for gasoline? Is the high paying isolated to Europe? does Asia pay high prices too? I would think in todayâ€™s well traveled high tech world that prices would be similar across the globe.
Interestingly enough, it’s not the price of gasoline itself that raises the prices in Europe – it’s the taxes! Remember that in Europe, they believe in paying for what you get – and they get a lot of government services up there. Thus, high taxes in general, and especially on gasoline.
In the U.S.A., taxes account for about 31% of the price of gasoline at the pump.
In Britain, taxes account for about 80% of the price of gasoline at the pump.
The European average hovers around 65% of the price of gasoline at the pump being the result of government taxes.
Asian prices vary greatly from country to country, so I’m not prepared to generalize on that continent. But if it is different, I would wager that the difference is the result of taxes.
This was a very interesting question with a very surprising answer (at least for me). Cheers!