2006-07-19 02:03:08 · 5 answers · asked by chief_eagle_wing 3 in Social Science ➔ Economics
Oil prices in America depend, first and foremost, on the price of crude oil. This is determined by global supply and demand, something over which American politicians have only marginal influence. The oil prices arepolitically explosive in America than in other rich countries because it is more volatile, and it is more volatile because it is so lightly taxed. Taxes account for a mere 18% of the price of filling an American car, compared with, say, 67% in Britain. So a surge in the price of oil leads to a proportionally bigger rise in the price of American oil. Britain usually lowers the taxes by the government to leverage the increase in crude oil.
2006-07-19 16:05:56 · answer #1 · answered by merdenoms 4 · 0⤊ 0⤋
it would have been great PR if the gov. would have droped that till the prices droped again but that won't happen. if the gov did drop it though the oil companies would raise it back up to standard again and most of us would never notice.
by the way the price of oil per barrel is a bold face lie the actual price oil companies pay hasn't changed more that a few dollers in years the price quoted as 70 dollers a barrel is what the futers market expects us to pay and that changes the price at the pump.
2006-07-19 02:21:15 · answer #2 · answered by Chris J 2 · 0⤊ 0⤋
If you would just read the fine print on the pump, you would know. It's about 80 to 90 cents per gallon.
2006-07-19 02:07:01 · answer #3 · answered by Mr. Peachy® 7 · 0⤊ 0⤋
70-90 cents or so.
Try Europe. $3-4$
2006-07-19 02:07:39 · answer #4 · answered by ed 7 · 0⤊ 0⤋
about a buck cheaper
2006-07-19 02:06:40 · answer #5 · answered by gg 4 · 0⤊ 0⤋