4 ms·
I believe the individual countries set their own gas prices (taxed highly). All countries buy their oil/gas on the market for roughly the same price
by bunfunton 8y ago
I believe the individual countries set their own gas prices (taxed highly). All countries buy their oil/gas on the market for roughly the same price
- danans 8y agoThat doesn't change the incentives though - the taxes are there for a reason. EDIT: what I mean is that removing the petrol taxes won't solve the set of environmental and political problems they face, but rather would likely make them worse.
- XorNot 8y agoTheir shipping and distribution costs are quite different though. Petrol taxes also tend to be flat - advocates for removing them always crop up, but it's a suckers bet - you wipe out say, your road maintenance income, for (in Australia) a onetime 17c on the liter drop in price (while the price just keeps going up anyway).
- seanmcdirmid 8y agoTrue, but domestic production means the revenue comes back if you aren’t a net importer.