Is there any fundamental reason to expect US gas prices will ever catch up to European prices?

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Is there any fundamental reason to expect US gas prices will ever catch up to European prices?

US gas prices seem to have been considerably lower than European prices for many years. Should we expect that condition to be more or less permanent? Or is there some reason that, within the foreseeable future, US & European gas prices may approach each other?

2006-10-30 03:09:24 · 2 answers · asked by Bill R 1 in Cars & Transportation ➔ Other - Cars & Transportation

2 answers

Europe has really high gas taxes compared to the US. Will it change? Possibly. But, in the foreseeable future? Probably not, or at least not quite that much.

2006-10-30 06:51:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋

they wont, its because of taxes, well ill be dead before they ever get that hi.

2006-10-30 04:21:49 · answer #2 · answered by Christian 7 · 0⤊ 0⤋