Posted by wisbaker on March 02, 2012 at 15:44:43 from (207.118.165.53):
In Reply to: Gas price jumps posted by RayP(MI) on March 02, 2012 at 13:10:23:
World demand for oil is UP the value of our dollar on the world market is down guess what that means.
OPEC is no longer exclusively pricing oil on the world market in dollars-guess what that means.
Yes fuel prices in Europe are high, most of it is taxes. I lived in Greece in 88-89 gas on the economy was about $5.00 US/gallon, at the BX with out the taxes about $1.29, same in Germany
If we decide to "punish" big oil or "make them pay their fair share" guess who is going to pay those additional taxes? That's right any one who buys oil from them (you and me). Corporations don't "pay" taxes they pass them on to their customers as a cost of business. If their product has world wide demand they'll sell it for less where the taxes are less and make more money on it.
Europeans live differently from us, they don't drive as much, in general their population density is a lot higher than in the US so they don't have to travel as far. In my experiences many of them live and work in smaller communities and don't travel as much. Look at the size of Germany compared to the US, we have states bigger than their country with half or maybe even a third of the population. Many European small businesses use some of the old model where they "live above the shop" and offer delivery on any purchase of any appreciable size so the cost of the fuel for their delivery van is a business expense and not taxed.
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