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By A Smith (anonymous) | Posted October 12, 2009 at 20:31:02
Jason >> In a true free market, they would have to pay through their nose to get access to oil/gas supplies.
According to the Ministry of Finance in the Netherlands, taxes make up 68.84% of the cost of gasoline/petrol ( tinyurl.com/yjmurhk ).
According to the U.S. Dept of Energy, gas prices in the Netherlands were US$7.38/gal as of 9/29/09 (tinyurl.com/386tv). If we take the taxes out of the price of gas, we get US$2.29/gal.
The current price of gas in the U.S is US$2.71. The average tax/gal of gas in the U.S. averages 47.3 cents/gal ( www.api.org/statistics/fueltaxes/ ). If we take out gas taxes from U.S. prices, we end up with US$2.24/gal.
If you compare the Pre-Tax/Free Market prices of gas in both the U.S. and The Netherlands you get almost the same figure, US$2.24-2.29/gal.
Jason, in a true free market, would the people of The Netherlands pay more or less than the current US$7.38/gal for gasoline?
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