OT - Gas to hit 4.00
lukfugl at gmail.com
Wed Aug 31 15:11:32 MDT 2005
On 8/31/05, Andy Bradford <amb-plug at bradfords.org> wrote:
> Thus said James Clawson on Wed, 31 Aug 2005 14:37:08 MDT:
> > No one in the Federal Government or the governments of the respective
> > states has the responsibility or the AUTHORITY to control the price
> > of gasoline or of any other consumer product, or to impose MPG
> > restrictions on automobiles.
> If only we lived in a truly free market, this wouldn't sound like
> economic theory... How about we start by eliminating the rediculously
> high gasoline tax?
I've been remembering something I read recently in the paper (just
before Katrina). I don't have the sources they used off the top of my
head, so feel free to correct or doubt. Anyways, they had a chart that
compared US gas prices to european prices. The interesting bit is they
broke down the pre-tax and tax components of the price. Across the
board, raw prices were about equal, with the US being cheapest by a
small margin (5-10%). But taxes in almost any european country were
nearly %100, doubling the price of gas. The taxes in the US were about
10-15%. As a result, US gas is several dollars cheaper per gallon. And
that savings is in taxes, not raw price.
More information about the PLUG