The Price of Power
The United States has a long-standing love affair with the automobile. We like lots of horsepower and an open road. We own more vehicles and drive more miles than the rest of the world can imagine, but now we're getting a small taste of what most other countries experience on a daily basis--high gasoline prices.
This chart shows the prices per liter in Euro cents (current exchange is 1 euro = 1.28 dollars). Even if you aren't familiar with the value of a Euro, you can easily see that folks in the Netherlands pay 3 times as much as the average American for gasoline. That puts their average price at about $6 per gallon! Much of that is self-imposed, with as much as 75% of the price coming from taxes, but you can see why we don't generate much sympathy when we complain about $2/gallon gasoline.
The cheapest gas price here in Bossier City is now $2.15, which means a fill-up in my truck can easily cost $60. Ouch! It makes me wonder if that 285-horsepower V-8 is worth it. I'm already thinking about getting a hybrid vehicle the next time around. When I think about what that fill-up would cost me in the Netherlands ($180), however, I feel better about it. It's all a matter of perspective.
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