Very little of the retail cost of gasoline is labor. Gasoline costs $8.00/gal in Europe because of taxes. Minimum wage has noting to do with it.
“Very little of the retail cost of gasoline is labor. Gasoline costs $8.00/gal in Europe because of taxes. Minimum wage has noting to do with it.”
You may well be correct. I only used it as a reference point. The taxes from the gasoline go somewhere and are used for something, and Australia is a socialist state, even if it is not in Europe.
Perhaps Australian freepers can tell us if my friends observations about the cost of living there are correct.
I was just in the UAE last month and rented a car for a couple of days.Gas there is about 1.7 Dirhams per litre which,at the exchange rate I got,comes to a little more than $2 a gallon.