[Hong Kong Expat]

The US is still the cheapest out of the non-subsidized nations if you look at absolute prices, Europe is still paying 6-8 US Dollars a gallon.

But if you look at it as a % of price increase we've been hit the hardest. Europe has the advantage of the strong currency, minimal consumer gas useage and the flexibility that high gas taxes provides.

[A CA Guy]

Thanks, and what about Europe makes it's currency so strong?

I think it's the newest thing on the block, but that eventually the Euro will drop like junk bonds.

[mugs99]

Europe is still paying 6-8 US Dollars a gallon.

Europe finances their social programs with gas taxes. The US doesn't.
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