gas is a little cheaper here perhaps than in Germany. i am paying about $2.75 / gallon for premium (93 octane)
Keshav said:
We pay €1.70+- per liter!
Well, let's do some math:
2.75 $/g x .244 g/l x .88 €/$ = .64 €/liter
So does that mean that Keshav paying 1.06€/l more for gasoline than rsporsche? Well no, crude oil costs pretty much the same worldwide. And I have to believe that Germany and the US are equally efficient about distilling gasoline from crude. So what accounts for that 1.06€/l difference? Taxes!
A little internet research shows that US Federal gasoline tax = $.184, while Georgia State taxes are $.316, a total of $.50/gallon. So the pre-tax cost of gasoline in Georgia is $2.75 - $.50 = $2.25. The tax rate would be .50/2.25 = 22%.
Assuming gasoline has the same pre-tax cost in Germany, $2.25/g works out to .48€/l. So the tax Keshav is paying must be 1.70€/l - .48€/l = 1.22 €/l. And his tax rate would be 1.22/.48 = 254%.
So, do you still believe that
gasoline is cheaper in Georgia than in the Germany?