4 ms·

So that's about double US prices -- why is the price so high in Europe? Or rather, is it low in the US because we're a big oil producer?

• belter 5y ago
  Taxes: https://www.eea.europa.eu/data-and-maps/indicators/fuel-prices-and-taxes/assessment-4 https://www.eea.europa.eu/data-and-maps/indicators/fuel-pric...
• dahfizz 5y ago
  The US also has cheaper 87 octane gas. All gas in Europe is the US equivalent of "premium" 93+ octane.
  • glogla 5y ago
    Isn't it just different numbering scheme? https://en.wikipedia.org/wiki/Octane_rating https://en.wikipedia.org/wiki/Octane_rating
    • dahfizz 5y ago
      Go to the table and sort by (R+M)/2 . All European fuels have a value of 90+. The vast majority of USA fuel is at 87.
• dragonwriter 5y ago
  > So that's about double US prices -- why is the price so high in Europe? Mostly, high gas taxes. Gas taxes in some countries in Europe are as high as gas prices in some US states.
• stonemetal12 5y ago
  Federal gas tax is 18.4 cents a gallon, states add on top of that somewhere in the range of 18 to 67 cents, so under a dollar no matter where you are. The EU requires a minimum gas tax of $1.55 a gallon, but depending on the country goes over $2 a gallon.