Something to think about
Post details: • Global gas Graphic in Virginian-Pilot • Europeans pay a LOT more at the pump because of taxes On Tuesday’s front page (6/10), The Virginian-Pilot published an enlightening graphic about gas prices around the world, based on Associated Press statistics from May 30. The AP article written by Angela Charlton in Paris featured the stats and discussed the main reasons for the vast differences: taxes and subsidies. Surprisingly, the price at the pump varies greatly— “from Venezuela , where gas is cheaper than water [at 12 cents!] , to Turkey , where a full tank can cost more than a domestic plane ticket [at $11.29!!] ,” stated the article. Venezuela and China have no tax on gasoline; and there may be extremely high taxes in Europe and Japan but those prices do not take consumers on a roller coaster as much so as we have seen in the United States. While the prices there are still high and painful, the strong euro is helping somewhat, along with the fact that less expensive ma...