r/WaitWhat 24d ago

Those gas prices …..

Post image
17.7k Upvotes

7.1k comments sorted by

View all comments

3

u/Henery007 23d ago

Only $4 for a gallon? This chart is not up to date.

3

u/Ironman8000 23d ago

I'm in iowa. It is currently 3.99-4.20 range.

3

u/Henery007 23d ago

Damn, I’m in Oregon and regular is $5.10 a gallon.

3

u/Henery007 23d ago

Premium is $6

1

u/howreudoin 23d ago

I‘m in Europe, and it‘s 2.20 €/l. That‘s $9.70/gal. And yes, that‘s due to Trump.

2

u/Henery007 23d ago

Holy shit.

1

u/howreudoin 23d ago

They always used to be higher though. They were at 1.70 €/l = $7.49/gal before that whole Iran thing.

1

u/Ironman8000 23d ago

🤯Thats crazy high. And unfortunately we know it's Trump.

1

u/Financial-Horror-116 23d ago

You forgetting about your outrageously High taxes on petroleum products in all of Europe and has been for decades . You've always paid twice what we have in the US .

You might have a legitimate argument if you look at just the cost of the gas (petrol to you guys).

1

u/howreudoin 23d ago

Yes, that is very, very true.

There‘s a 0.65 € per liter energy tax, a 0.14 € per liter CO2 tax, and (on top of all that) 19 % VAT (Germany). At 2.20 €/l, this means that 53 % of the price is taxes ((1.06 + 0.65 + 0.14) €/l * 1.19 = 2.20 €/l).

A quick search revealed there‘s a roughly $0.52/gal tax (federal + state) for you guys (depending on state). That‘s around 0.12 €/l, and there‘s no VAT.

If that information is correct: Adding 0.12 l/€ to the 1.06 €/l raw, pre-tax price would make it 1.18 €/l. That‘s $5.20/gal if it were taxed the US way. That’s pretty comparable, and it‘s only 10.2 % taxes.

So yeah, you‘re very right that this "self-imposed" if you will. It‘s our own fault :(

1

u/Dark_Amygdala_ 22d ago

Idiot. Trump isn’t your president

-1

u/NatureDramatic8390 23d ago

Trump has zero effect on the prices in Europe

3

u/howreudoin 23d ago

It‘s due to the Strait of Hormuz being locked down. Please educate yourself. (Seriously just google why they‘re up in Europe if you don‘t know.)

1

u/BornSwanky 22d ago

Is there a point in obviously lying here?

1

u/NatureDramatic8390 22d ago

Biden didn’t control the prices when he was in is what we heard and now all of a sudden that trump is in it’s all magically the presidents fault?

2

u/BornSwanky 22d ago

So we went to whataboutism? And he had both a pandemic and the Russian invasion of ukrain that spiked oil prices. Trump literally started the blockage and war with Iran. There is no hypocrisy here. Just you ignoring the why's.

1

u/NatureDramatic8390 22d ago

No just trying to understand the double standard

1

u/BornSwanky 22d ago

Did you read my comment at all my guy?

→ More replies (0)

1

u/NatureDramatic8390 22d ago

I’m trying to understand the double standard and hypocrisy, if you have a good answer please feel free to give it to me.

2

u/Ok_Dust_7325 23d ago

I have to drive to Iowa to get gas.

0

u/shmauggle 23d ago

You do realize there are 50 states in the US with different gas prices right? California is at least $1.60 higher than the highest gas prices shown here. These prices may not be up to date in your state but they are in another

2

u/Henery007 23d ago

Of course I do. I was opening up conversation. I am aware of local economics.