Why is gas so much more expensive overseas?

[NewSc2]

I was just reading this bloomberg article here and it says the price of crude oil in Japan is $32.07 a barrel.

Oil in America is close to $40 a barrel, but we pay a lot less than the Japanese do for gasoline. Why is that? Does the Japanese government (and European governments) impose a lot of tax on their gas?

 

[AgaBoogaBoo]

Not sure exact reasoning, but remember many cars in other countries use much less gas than the US, so possibly less demand per certain amount of population

 

[AFB]

Taxes

 

[Evadman]

Taxes are like 50-80% of gas prices.

 

[BigJelly]

Originally posted by: amdfanboy
Taxes

bingo

 

[Insane3D]

Originally posted by: Evadman
Taxes are like 50-80% of gas prices.

It's like 80% IIRC. It's no wonder all they drive over there are little econoboxes with tiny motors.

 

[bunker]

They tax the living shÎt out of gas over there.

 

[sillymofo]

Because you don't shiet where you sleep, with that being said, seems like things are going that way.

 

[suklee]

perhaps you should move to Venezuela

Ouch, we have the top spot where I live... good thing I don't drive here

 

[NewSc2]

Gas is pretty heavily taxed here in CA (50 cents), which used to make up about 50% of the price per gallon... that's pretty crazy how much they tax gas overseas then... IIRC, they pay about $4-5/gallon