It just dawned on me that most of the world pays like $6 per gallon for gas

OfTheCross

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Keeping my overhead low, and my understand high
Almost all of the price difference is due to much higher fuel taxes / VAT in Europe.

Just in the UK alone, ~65% of the price of a liter of gasoline is tax.

Tax as percentage of UK pump price

Per the BBC, the average price of a liter of gasoline in late January was ~£1.20.

Fuel price calculator: How much do you pay?

Multiply that £1.20 by 0.35 to figure out the price of gasoline pre-tax and you get £0.42 / liter.

Multiply £0.42 by 3.78541 to figure out the price of a gallon of gasoline and you get £1.59 / gallon.

Convert from GBP to USD and you get $2.06 / gallon. Now remember, that's a pre-tax price.

The average price of a gallon of gas including tax in the US is ~$2.27 / gallon.

Gasoline and Diesel Fuel Update - Energy Information Administration

It's all about taxes.
:ohhh::ehh:
 

Jekyll

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I lived in Italy 5 years and shyt was hell keepin a car. And as military we got gas tax free and it was still like $80 to fill up an old 5 series beamer. But they cities way better designed and you can get almost anywhere in the country for under $30 rt.

They live better cause people got common sense. Everybody don't need a whip and its ok to live with your family until you have your own kids or get married. Americans got priorities fukked up
 

OfTheCross

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I lived in Italy 5 years and shyt was hell keepin a car. And as military we got gas tax free and it was still like $80 to fill up an old 5 series beamer. But they cities way better designed and you can get almost anywhere in the country for under $30 rt.

They live better cause people got common sense. Everybody don't need a whip and its ok to live with your family until you have your own kids or get married. Americans got priorities fukked up
another thing about Italy is that the roads are shytty cause it's all historic
 

EndDomination

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ehh. canada and europe tax their residents out the fukkin ass to 'live better than us', im not impressed
No one asked if you were impressed, quality healthcare, public transportation systems, public education and university education are all factored into COL, considering how much the average US person pays (or takes out loans for) in all of those categories, we still come out on the losing end.

I'd rather higher taxes, as would a good chunk of the US.
 

EndDomination

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Europe is mostly made up of very walkable cities with great public transportation, most American cities are giant suburbs. Some neighborhoods don't even have sidewalks
Built specifically around cars and car culture :russ:
Its almost unbelievable how moronic urban and suburban developers were throughout the 20th century here in the US, such desperate attempts to get away from Black people that they literally screwed us over economically :pachaha:
 

☑︎#VoteDemocrat

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The Deep State

the cac mamba

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No one asked if you were impressed, quality healthcare, public transportation systems, public education and university education are all factored into COL, considering how much the average US person pays (or takes out loans for) in all of those categories, we still come out on the losing end.

I'd rather higher taxes, as would a good chunk of the US.
so you're moving? :skip:
 

panopticon

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  1. why do you think europe sucks up to russia and the middle east so much?
  2. why do you think i support american geopolitical views so much?
This shyt has real consequences...

:ufdup:



@wire28 @Return to Forever @ezrathegreat @Jello Biafra @humble forever @Darth Nubian @Dameon Farrow @General Bravo III @BigMoneyGrip @hashmander @VR Tripper @Iceson Beckford [ @BaileyPark31 @Lucky_Lefty @johnedwarduado @Armchair Militant
@panopticon @Thomas
The geopolitics is less about price and more about access in case of war, natural disaster, etc. You're at an immediate strategic disadvantage if you can't feed and fuel your population independently. That's why we have massive farming subsidies, and also why there's been such a huge push towards encouraging fracking in the US (and oil sands mining in Canada). Japan learned this the hard way in WWII.

Something to keep in mind is that most countries that are significant oil producers are extremely dependent on oil exports to keep their economies afloat. Check out oil exports as a % of GDP of the major producers and you'll see that they really don't have much choice but to keep pumping as much as they possibly can. The Saudi monarchy can't afford to stop - the royal family would lose their heads in a week because they'd be unable to sustain the massive subsidies paid out to the average Saudi in exchange for their acquiescence. Neither can the Nigerians, Venezuelans, Mexicans, etc.

List of countries by oil exports - Wikipedia

Saudi Arabia exports 8.3 million barrels / day. At current prices, that's ~$550 million per day. Over $200 billion a year. Saudi Arabia's GDP was $684 billion in 2017 - so oil exports are somewhere around 30% of total GDP.

Imagine if Saudi Arabia just decided one day to stop exporting oil. They'd see 30% of their economy evaporate overnight. And the follow-on effects would just add to the devastation - think of all the economic activity surrounding oil production that would stop. The total GDP loss could easily surpass 50%.

There's a sort of "mutually assured destruction" built into the oil producer / oil buyer relationship.
 
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