To piggyback on Patrick’s earlier post, I stumbled across this interesting chart from the Wall Street Journal last night.
We forget how low fuel taxes are in the United States (particularly in Missouri). The recent rise in energy prices have had a much smaller impact on European wallets, where taxes account for a much larger share of total fuel prices.
This only underscores the need for significant transportation reform as cars become more fuel-efficient and gas tax revenues level off.
