I assume that’s a price per gallon ?
US petrol prices are the lowest in the Western world …
The main reason for this is the low tax structure on petrol, as the American consumer considers driving a car their “right”, and a government administration would not survive fi they introduced higher taxes on it.
:colgate:
Here in New Zealand we pay $1.60 per litre (just over 1/4 of a gallon) .. which actually equates to NZ$6.40 or about USD$4.80.
But over 60% of our pump prices are local taxes and levies .. which are supposed to go into roading maintenance (but that’s another story).
In mainstream Europe I believe prices are twice that.
—-
What will we do? We’ll pay the price. No choice.
I suspect that in 5 years from now petrol will be 4-5 times higher.
Smaller cars will sell better, public transport will seem affordable.
We’re running out of oil. Private cars are a luxury.
We’d ALL better get used to it ..
:eh: