California Copied Europe's Insane Energy Playbook, And Now Residents Are Really Paying The Price
From the Right
AllSides Media Bias Rating: Right
Even as U.S. gasoline prices rise again amid ongoing Strait of Hormuz tensions, American drivers are still paying less than half what many Europeans and Asians endure at the pump. The reason is simple: America chose lower taxes and genuine energy security. Europe and California deliberately chose the opposite — and are now reaping the painful, predictable consequences.
Taxes explain most of the gap, as the Wall Street Journal detailed on April 22. European governments routinely pile on $3–$4 per gallon in excise duties, VAT and "green" levies. In Germany, prices recently hit the equivalent of $8.75 a gallon, with taxes comprising over half the total. Most U.S. states charge roughly 20 cents.
Check for Bias
The AI-powered AllSides Bias Checker instantly reveals the bias of a news article. Tap the button to use.
Related Coverage
AllSides Picks
More News about Energy
News from the Left
News from the Center
News from the Right
Venezuela grants U.S.-backed oil firm NABEP 100-year concessions for 17 oil fields, White House says
CNBC