it seems that Iran hardly sells to US and europe, and mostly sells to east europe and asia.
the prices will go up, of course, no matter what happens.
it seems that Iran hardly sells to US and europe, and mostly sells to east europe and asia.
the prices will go up, of course, no matter what happens.
That is true. Also, the US has artificially low gas prices. England pays something close to $10 a gallon in American dollars. Many other countries pay a similar price for gasoline because it tends to be taxed heavier instead of heavily subsidized.Originally Posted by Death BOO Z
The US does not have artificially low priced gasoline. Everyone else and especially Europe have higher gasoline prices because they tax it so heavily. The Unites States does not subsidize gasoline. That's Nigeria and Indonesia. Russia, Canada, and Australia do not tax gasoline as heavily as Europe, and thus have similar (while still higher) prices than the US.
Taxing less is not a subsidy.
Ethanol is subsidized in the United States. Ethanol is by law, less than 10% of what comes out of a pump in the US. E85 (15% ethanol) will damage engines designed not to use it, which includes many cars still one the road in the US.
Why is ethanol subsidized? That's because of the mighty Corn Lobby. Farmers are paid to grow corn which is made into ethanol, and the price that corn sells at is subsidized to drive the price up. Under the guise that it is, "keeping farmers alive."
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