Posted on 03/08/2022 8:47:16 AM PST by Oldeconomybuyer
LISBON/BERLIN (Reuters) - Already struggling with rising living costs, Europeans now face an even deeper hit to their livelihoods as the conflict in Ukraine pushes fuel and food prices higher and threatens to undermine a fragile economic recovery.
The surging price of crude oil on world markets has led to the biggest ever weekly jump in gasoline prices at some service stations around Europe, pushing them in some cases above 2 euros for a litre ($8.25/gallon) of unleaded fuel.
"The problem is not the price it will be tomorrow, but how much it (gasoline) will cost 15 days from now, we think that it is going to cost much more. I think bad times are ahead of us," 76-year-old Madrid pensioner Alejandro Oterino said.
That fear of prices spiralling out of control is precisely what the European Central Bank must allay at its meeting on Thursday.
"If the prices keep rising, I might have to resort to social services to eat and drink," said 56-year-old Uber driver Antonio Dias in Lisbon.
"If this continues it will not make sense to continue doing this type of work," he said, urging the government to cut fuel taxes which currently amount to some 50% of gasoline end-prices.
(Excerpt) Read more at money.usnews.com ...
How about conservative states taxing extraneous pronouns?
According the the EU weenies, the European citizens can take it.
As Freeper Kiryandil said...the lights will always be blazing in THEIR unelected leaders homes.
And in the U.S., we have Brandon and spending fueled inflation, which they’re trying to blame on the war.
All of this misery is necessary for the great reset. Suck it up peasants - signed, the Elite.
Well, it not exactly without some effect here too, but gas prices are not the result of the war totally, as this administration tries to spin it as the only cause of rising gas prices.
Well... It’s a good thing they brought in millions of third world leeches who HATE the European way of life to live on the backs of the native tax payers.
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