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I don't see the "underwriting" reasoning.
Swiss people cannot get a driver's license until they're 18, and most don't own a car until they're gainfully employed (20-22); on days when the pollution index is high, _none_ of us are allowed to drive, but public transportion is free; we have a 61.3 percent federal gas tax, partially as a deterrent to people buying gaz-guzzling vehicles and going for "pleasure cruises."
1. America buys more oil than anyone, and as a result gets a lower price.
Among of the reasons American _need_ to buy oil in such large quantities is the general lack of public transportation; the love for large, gas-guzzling vehicles, our love for driving places alone rather than in car-pools, and our habit of buying our 16-year-old kids their own vehicles so that we don't have to taxi them around (I know this to be a fact, because I was once a step-parent to four teenage guys).
2. Tax rates. What is the tax on a liter of gas in Switzerland? This also contributes to the price.
61.3 percent for unleaded; 57.4 percent for diesel.
3. Suppliers know the demand for their product in each country and price it "appropriately" to maximize profits (which fits in with #1.)
Supply and demand. Also, the Wal-Mart effect.
P.S. I'm not picking a fight with you. As an American, I know that I spent 36 years of my life thinking we Americans were the center of the universe and that buying power was the be-all, end-all. I just don't feel that way anymore. I very much enjoy your posts, bob, and I apologize if I sounded bitchy in my earlier post.
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