I did some checking. The USA subsidizes oil at somewhere between 70 cents and $3.50 per barrel. There's about 20 gallaons of gas obtained per barrel. Assuming that 1/2 the subsidies are for gasoline, that works out to somewhere between 1.5 and 7.5 cents subsidy per gallon of gasoline, so you are correct. The biggest difference in pricing between the US and Europe is not subsidies but taxes and exchange rates.
L. --- In FairfieldLife@yahoogroups.com, "sparaig" <LEnglish5@...> wrote: > > In most of Europe, the cost of gas is above US$9 per gallon. And remember, we > have subsidies for oil pricing that partially/fully offset the taxes levied > at the pump. > > Without oil subsidies, many alternate forms of power would be much closer to > the point of economic break-even, or might already have passed that point. > > L. > > --- In FairfieldLife@yahoogroups.com, wleed3 <WLeed3@> wrote: > > > > higher taxes in europe, however the enjoy the same depleation allowances > > as do we here & in canada but taxed nore in canada indian res here sells > > cdn gas 3 3.55 & off res its 3.89 & ont 4;54 usd > > > > > > > > In a message dated 05/26/12 19:27:06 Eastern Daylight Time, LEnglish5@ > > writes: > > BTW, the cost of gasoline in the USA is heavily subsidized. The cost of gas > > in Europe is 2-3x what it is in the USA. > > > > OTOH, the cost of gasoline in Venezuela is about 1/10-1/20 what it is in > > the USA. > > > > Just a factoid that may or may not have anything to do with anything. > > > > > > L > > > > > > > > > > > > > > ------------------------------------ > > > > To subscribe, send a message to: > > fairfieldlife-subscr...@yahoogroups.com > > > > Or go to: > > http://groups.yahoo.com/group/FairfieldLife/ > > and click 'Join This Group!'Yahoo! Groups Links > > > > > > > > http://docs.yahoo.com/info/terms/ > > >
