Re: [OM] Cars

[Nathan Wajsman]

Yes, basically all the difference in fuel prices between the US and Europe is 
due to taxes. It has little to do with market conditions. Oil is a global 
commodity whose price is more or less the same everywhere.

The reason gas is cheap in Saudi Arabia has nothing to do with the fact that 
they have lots of oil but because they choose not tax it. Norway is also a big 
oil exporter, and gas there is just as expensive as elsewhere in Europe.

Nathan Wajsman
Alicante, Spain
http://www.frozenlight.eu
http://www.greatpix.eu
PICTURE OF THE WEEK: http://www.fotocycle.dk/paws
Blog: http://nathansmusings.wordpress.com/

YNWA










On Jun 28, 2014, at 5:24 PM, Mike Lazzari wrote:

> Am I correct in thinking that the European fuel price premium includes a lot 
> of tax?

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