The average American consumer does not know that they are not paying the full value of a gallon of gas when they fill up at the pump. That they are instead paying it through subsidies and the fact that oil companies do not pay property taxes or lease/ rent on the land that they drill on. The only exception to this is the state of Alaska, who charges the oil companies for the oil that is extracted from the state; this is where they get their permanent resident funds. Currently American’s are subsidizing the oil companies to the tune of almost $300 Billion dollars.
In the remaining article I will show you what the rest of the world pays for its fuel. Bear in mind that they are using the same oil as we are, paying the same $/ barrel as we do, they use the same type of refineries to produce the fuels, and in many cases pay 2 to 3 times more in taxes, fees and VAT’s for their fuels.
So what exactly are other countries paying for their gasoline?
Netherlands $8.59 /US gallon
Belgium $7.92 /US gallon
UK $7.83 /US gallon
Germany $7.81 /US gallon
Italy $7.66 /US gallon
France $7.62 /US gallon
Ireland $6.61 /US gallon
Greece $5.67 /US gallon
Alberta Canada $4.48 / US gallon
US average $3.34 /US gallon
South Africa $3.02 /US gallon
Now the next time you go to fill your tank and you see a biofuel for sale and see that it is a little more than regular gas or diesel, bare in mind that those alternative fuels don’t receive the subsidies that the big oil does, and those alternative fuels are produced here in the US by Americans, isn’t that alone worth the little extra? Especially once you realize that our $3.00/ gallon is not even close to the actual value of the fuel.
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