European drivers pay the highest gas taxes in the world. In Britain, tax accounts for around 65 percent of the pump price for diesel, which recently topped 130 pence a liter or $9.88 per gallon.
OK, but Europe is thriving while the US' economy is in the gutter, right? Not so fast:
Eurozone inflation surged to the highest rate for 16 years on the back of sharply higher oil prices as consumer spending in the 15-country region showed further signs of weakness.
Well, the economy is more than just gas prices and inflation. How about unemployment and per capita income?
The Association of European Chambers of Commerce in Brussels warned that the transatlantic gap had widened yet further in the past five years by all key measures, despite the pledge by EU leaders at the 2000 Lisbon summit to transform Europe into the world's "most dynamic knowledge-based economy" by the end of the decade.
The EU-wide umbrella group, known asEurochambres said the EU's overall employment rate was still stuck at levels attained by the United States in 1978, chiefly due to an incentive structure that discourages women from working and prompts early retirement by those in their fifties.
It found that the European Union's research and development levels were achieved by America as long ago as 1979, while the lag time on per capita income is 18 years.
"It will take the EU until 2072 to reach US levels of income per capita, and then only if the EU income growth exceeds that of the US by 0.5pc," the study said.
Throw in the growing Muslim population/problem , and I'd suggest booking a trip to Europe while there's still something there the Western world could recognize.
What's causing these difficulties in Europe? Socialism.