Monday, April 03, 2006

Gas Prices

In class today we watched a video on the middle east and in the video they talked about all of the oil they have. The question that came to my mind was what is the gas prices for countries who have a lot of oil. In This Article I found a chart that had high and low gas prices around the world, and I found out that the countries that had a lot of oil were the ones with lower gas prices. The Netherlands had the highest gas prices at $6.48 a gallon, and Venezuela had $0.12 a gallon. I wouldn't mind to be living in Venezuela

1 Comments:

At Tuesday, April 04, 2006 12:54:00 AM, Blogger Kevin Hurd said...

I think it would be wise if there was a big effort to help conserve gasoline. I know right now I use a lot of gas making unecessary trips going places, and if I could make one less trip that may help conserve a little bit of gas. There may even be a seen impact if everyone did this. I like to think about this as the classic "everyone pick up a scrap of paper before you leave." If a room is littered with paper and only one person picks up one scrap, imagine the mess that's still there and how little of an impact there is. However, imagine that you have a room full of people and everyone picks up just one scrap. There would be quite a more significant impact from one person picking up one scrap to many persons picking up many scraps. This could be the effect we would see if there was a large "conserving gasoline efforts."

Reading that taxes play a large role on high gas prices in Europe raised a large question in my mind, why doesn't our government tax a lot on gasoline? We see so many taxes on so many things today: estate taxes, property taxes, income taxes, excise taxes, gift taxes, and pretty much a tax on everything you see. Mind you, some of those are state taxes and some are federal. Some of these taxes take a signficant hit to our pocketbooks, but why has the American Government taken it easy on gasoline tax? Perhaps it's because there are so many other taxes out there and we buy gasoline frequently and many gallons of it, and a price over $5.00 per gallon would not be feasible for consumers?

 

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