I know I said I was tired of the ‘energy crisis,’ but I just can’t help it. It’s like a car crash – its brutally disturbing, but you just have to watch.
Anyway, something that I find interesting. American gas prices are much lower than prices in Europe (and possibly the rest of the world where there are no price caps, though I can’t confirm that), yet fuel efficiency standards are much higher in Japan, EU and Canada. So one of the solutions that liberals constantly propose (improving efficiency will lower the price of gasoline) doesn’t seem to pan out.
Are the differences in price solely due to tax rates? I find that a bit implausible, does anyone have a source to prove or disprove the theory?