News Source
EXCERPT:
Even as U.S. gasoline prices rise again amid ongoing Strait of Hormuz tensions, American drivers are still paying less than half what many Europeans and Asians endure at the pump. The reason is simple: America chose lower taxes and genuine energy security.
Europe and California deliberately chose the opposite — and are now reaping the painful, predictable consequences.
Taxes explain most of the gap, as the Wall Street Journal detailed on April 22. European governments routinely pile on $3–$4 per gallon in excise duties, VAT and “green” levies. In Germany, prices recently hit the equivalent of $8.75 a gallon, with taxes comprising over half the total. Most U.S. states charge roughly 20 cents.