Explain it to me

nitro

nitro

I don't understand something - maybe someone can explain it to me:

Why is the price of Gasoline (Oil in general) 2 to 2 1/2 times more in Europe than in the US? In theory at least, our demand for oil is greater than Europe's, and again in theory, greater demand should mean higher prices for us!??

nitro :confused:
 
Quote from nitro:

I don't understand something - maybe someone can explain it to me:

Why is the price of Gasoline (Oil in general) 2 to 2 1/2 times more in Europe than in the US? In theory at least, our demand for oil is greater than Europe's, and again in theory, greater demand should mean higher prices for us!??

nitro :confused:
More...

If you are asking from the consumer viewpoint, the main component of the price for gas is taxes :(
Then, the US has domestic oil ressources, unlike old Europe.
Also, some states secure their oil supply by buying at a higher price than market.

OHLC
 
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