The Oil Drum

27 comments on How much is too much for gasoline?

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Khebab on October 17, 2005 - 12:00pm

I forgot to give a reference:
International Fuel Prices - 3rd edition (May 2003)
A more recent document is this one:
International Fuel Prices 2005, 4th Edition, Dr. Gerhard P. Metschies, GTZ, 2005
warning: big pdf files!

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Khebab on October 17, 2005 - 12:23pm

Here is the new graph from the last edition:

picture

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porsena on October 18, 2005 - 10:45pm

The interesting difference to me is the list of countries above the EU threshold (the price in Luxembourg) in 2003 (47) compared to 2004 (29). Countries as diverse as Israel, Cuba, Chad, and the Cote d'Ivoire have obviously done more to cushion their residents from the rising price than has the EU group as a whole. In the EU, Malta and Greece, not among the economic mainstays of the union one thinks, have kept their increases below Luxembourg's.

I'm still trying to grasp the national policy advantage of keeping the price of transportation high.