Even at $4/gallon, American drivers still getting off easy
At the $4.15 that gas runs where I am right now, even eliminating the tax entirely would still bring the price to only about $3.40. Americans who really want to save at the pump are now following the path of drivers elsewhere and just migrating to smaller, more efficient vehicles, driving less and changing their driving styles. Europeans, on the other hand now actually have a reason to complain about high fuel taxes. Truck drivers, fisherman and farmers are all feeling the pain and pushing for some relief. The taxes in Europe made sense from a public policy perspective in the past to encourage efficiency, but with the price of crude so high now, it may be time to back off.
[Source: Detroit News]
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