Sunday, May 03, 2026

Taxes make gas more expensive in other countries

See Why Gasoline Is So Much Cheaper in the U.S. Than Overseas by Chao Deng and Alana Pipe of The WSJ. Excerpts:

"American consumers paid an average $3.64 a gallon in March, with only about 60 cents of that made up of federal and state taxes. The average hit $4 a gallon at the end of that month."

"In most places in Europe, tax composes 50%-60% of the retail price of fuel"

"Germans paid an average of $8.75 a gallon in March, more than half of which stemmed from value-added taxes and fuel excise duties."

"In Mexico, gas averaged $5.07 a gallon in March, of which nearly $2 was tax."

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Price-gouging laws can backfire (2017)

People say the president can control gas prices if the president belongs to the other party (2017)

Why are refiners' profits so high and can anything bring down gas prices? (2022) 

Gas Station Owners, Blamed When Prices Rose, Face Risks as Prices Fall (2022)

California Has a Gas-Price Mystery: Too High, but Why? Drivers in the most populous U.S. state are paying more at the pump than anyone else. California’s gas taxes and its strict clean-air policies don’t explain away all of the $1.23-a-gallon difference (2023)

How are higher energy prices impacting the economy? (2026) 

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