Chevy Volt

[Sunking]

Agree. But are not those taxes relative to the underlying price of the fuel? Thus a 300% tax is going to drive the final consumer price to the same relative position.

In th eUSA Federal Gasoline tax is fixed @ $0.184/gallon, and for diesel is fixed at $0.244/gal.

In addition the states add on their fixed rate per gallon which varies state from state to as low as $0.08/gal in Alaska, and as high as $0.506/gal in New York. The national average including both Fed and state is $0.48/gal.

In some cities, not many, but the names escape me at the moment add on local sales tax which is a percentage of the total sales minus fed and state fixed taxes.

Right now in the USA as I speak Unleaded Gasoline (RBOB) sells for roughly $2.71/gallon in the USA.

[DanS26]

In th eUSA Federal Gasoline tax is fixed @ $0.184/gallon, and for diesel is fixed at $0.244/gal.

In addition the states add on their fixed rate per gallon which varies state from state to as low as $0.08/gal in Alaska, and as high as $0.506/gal in New York. The national average including both Fed and state is $0.48/gal.

In some cities, not many, but the names escape me at the moment add on local sales tax which is a percentage of the total sales minus fed and state fixed taxes.

Right now in the USA as I speak Unleaded Gasoline (RBOB) sells for roughly $2.71/gallon in the USA.

Just did a little research. The duty tax in the UK is around $3.61 per US gal. WOW, compare that to the $0.48 in the US. On top of that the UK imposes a 20% Value Added Tax. So almost $4/gal difference just in taxes imposed between the countries. I suspect refining and transportation costs make up the remaining cost difference.

Well, based on this information, when gas reaches $8/gal in the US the UK will be a reasonable $14 to $15 a gal.

[Sunking]

Like I said Dan Euros get soaked and robbed. What is bad they like it. That is why the US kicked the Brits butts out of America for over 200 years ago.

[russ]

For the past decade $2/gal gas in the US equated to $8/gal gas in the UK. I don't think it's too much of a stretch to equate $8 gas in US to $32 gas in UK. It the same relative price differential.

At $32/gal I think we would see a huge shift in the Euro market.

The final cost of a liter/gallon of fuel has little to do with the cost of oil and a lot to do with taxes as Sunking pointed out. Your stretch is beyond meaningless and a bit silly - except for spend, spend politicians.

Currency flucuations are another part of the game - the dollar is still losing against the Euro - it will get worse as Treasury buys more dollars - meaning prints more funny money. In the past 15 years the US$ has gone from 80 cents to the Euro the 1.33$ to the Euro - oil is effectively priced in Euros.