Showing posts with label lower gas prices. Show all posts
Showing posts with label lower gas prices. Show all posts

Saturday, October 5, 2013

A Gas Drop

Last Tuesday, at midnight, gas prices dropped. It wasn't a massive drop and prices still aren't in US levels, but the drop was intensive enough that people who fill regularly will feel quite a relief in their wallets.

Sadly, the taxation of gasoline is still over 100%, and lowering gas prices is mostly up to the government.

Nadav

nadavs

Saturday, April 13, 2013

A Price Drop

After a month of almost record-breaking gas prices, April finally brought us a relief. Gas prices here dropped almost 38 cents a gallon, but they're still super-high.

The problem is, as usual, taxes. The price of gasoline itself is about half the price we pay at the pump, but the gasoline tax and VAT add up to over 100% of the gasoline price - which means an unbearable price at the pump.

Hopefully the new government will do something about this issue. After all, they're the ones setting the price.

Nadav

nadavs

Saturday, October 6, 2012

Lower Gas Prices

After a month of insane gas prices around here, they finally dropped. Not too much and not to US levels, but still easier on the wallet and the eyes.

The problem is that over half that price is tax, which means there is a tax of over 100% on gasoline here. The demand for gasoline doesn't change much with price, and the government gets more money for its spending while making us poorer.

Hopefully this will change some day. These prices are getting impossible to pay.

Nadav

nadavs