The High Cost of Gasoline Is Relative
As American drivers come to grips with $4.00-a-gallon gasoline and presidential hopeful John McCain suggests a temporary “tax holiday,” it’s worth noting that in some places, it’s been a long time since gas was so cheap as that. The photo you see here shows fuel prices at my neighborhood gas station in The Hague, The Netherlands on Saturday, 10 May 2008. Prices are in euros per liter. Converted to dollars per gallon at prevailing exchange rates, the prices are:
- $9.14 for regular unleaded
- $9.81 for premium
- $7.96 for diesel
My last trip to the gas station (in a Chrysler Voyager) cost about $150. The U.S. can (and inevitably will have to) adjust to higher fuel prices, just as Europe has long since done.
May 11th, 2008 at 9:01 pm
[...] enough that Republican presidential candidate John McCain has suggested a gas tax holiday — they’d be considered a king-sized bargain in the Netherlands. He took this photo of the price sign at his neighbourhood gas station in The Hague on Saturday, [...]