No. But you would probably not win an election in Europe on lower gas prices, despite the fact that the gas is about twice as expensive as in the US. On the contrary, some environmental parties are getting votes by promising to raise the prices. Madness.
its just that the republican party (g.w. bush) has been taking a hammering over the gas prices. and their coddling of the oil companies when it was proved that they have been price gauging.
i suspect a sharp increase after the november elections.
I've been thinking the same thing...there will be some excuse for them to jump back up after the ellections.
The story we've been fed is that because the hurricane season is non-existant and suposedly things have cooled off on the middle-east that there is now a great surplus of fuel.
Fuel will go back up here.....it's just a question of when.
Europe......If I'm not mistaken, taxes make up a great majority of the cost of fuel in Europe.....upwards of 50-300% of total consumer cost is tax.
I saw a graph a few years ago (wish I could find it) that showed a few countries in Europe (Germany was one) that actually paid less for raw fuel then the USA did.....but once those counties added their tax into the cost of fuel to pass on to the consumer, the costs jumped way up into the 6, 7, 8 dollar range.
Also, with reguards to the USA, when one looks at the cost of fuel compared to the rate of inflation, fuel is right where it should be........it just stayed way to low for way too long.
