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Daniel Lacalle: Gasoline prices reach $7.15 per gallon…

Gasoline prices reach $7.15 per gallon on average in the European Union. Gasoline is 68% more expensive than in the US. Diesel is 59% more expensive. The average salary in the US is 35-40% higher than in the EU. No EU country has cheaper gasoline prices than the most expensive US state (California) For years, progressives in the US have demanded the same taxes for gasoline as in Europe. Imagine if it had happened.

Daniel Lacalle: Things are very different today…

Things are very different today from 2008, 2018, or even 2022. US dollar strength is mitigating inflationary pressures in the United States. The strong correlation between oil prices and the US dollar limits the impact of geopolitical risks. The US is now a net exporter of oil and natural gas, making America a shock absorber, not a shock amplifier. Import prices in dollars are significantly better than in other developed economies. Graphs via Bloomberg

Lewis Brackpool: Fuel prices are soaring after the...

Fuel prices are soaring after the Middle East conflicts that Reform UK, through Farage and Tice, backed “all the way”. Now the same party is calling for a “National Fuel Tax Protest”? This is pure opportunism. While they cheerlead forever wars that drive up energy costs, British families are left paying the price at the pump. Restore Britain would put British interests first. No more forever wars, and no more taking our people for granted.
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