4 ms·
$3.00 / gallon is our v 1.0 (before taxes)
by rmcginnis 4y ago
$3.00 / gallon is our v 1.0 (before taxes)
- sien 4y agoWow. If you hit that you're sorted in Europe. https://www.tolls.eu/fuel-prices https://www.tolls.eu/fuel-prices European prices seem to average about ~ EU 1.8 / litre or ~7.2 EU / Gallon or $US 7.6 / gallon. For C02 neutral fuel it would just work at that price.
- Auracle 4y agoA very large portion of what Europeans pay for gas is tax.
- PeterisP 4y agoLooking at local (EU) gas price structure, ~50% is the actual cost of fuel and the rest is excise tax, VAT, and expenses/profit. So $3/gal bulk cost would fit a $6/gal = 1.6 eur/litre retail price including all taxes, which would be competitive even without any subsidies that a CO2-neutral fuel might justify.
- sien 4y agoYes. Definitely. In most (all?) developed countries except the US fuel tax easily covers the costs of roads and subsidizes everything else. The EU is determined to reduce C02 emissions rapidly. If they want to do that they could cut their fuel taxes and use C02 neutral fuel and meet their targets much more easily. Not to mention cutting dependence on authoritarian states.
- ncmncm 4y agoPresumably this stuff won't be taxed the same way. Taxes will need to be restructured so roads are paid for, maybe by vehicle licensing.
- HyprMusic 4y agoI'm not sure about the rest of Europe, but in the UK neither vehicle duty nor fuel duty are used specifically for anything road related so theoretically they shouldn't need to tax it at all (beyond the standard VAT).
- namecheapTA 4y agoThis isn't what fuel costs in Europe. It's what it is retailed for after taxes to the government.
- jabl 4y agoIt is mentioned in the blog post that the basic reaction is for producing ethanol. Are you then upgrading this ethanol to other fuels like gasoline, kerosene, diesel with traditional processes (e.g. something MTG, MTO-like), and how much cost does that add?
- ncmncm 4y agoIf it did nothing but put Archer Daniels Midland's corn->ethanol scam out of business, it would be a wonder. ADM consumes a third of the US corn crop and billions of dollars of tax money, year in and year out.
- jabl 4y agoHaha, absolutely. A lot of EU countries also mandate E10 gasoline in a misguided effort to reduce GHG emissions. I'm not sure where they get all that ethanol from, but I'm sure it's a similar agribusiness scam as US corn ethanol.