Comments by "geemy" (@geemy9675) on "What Happens When Gas Runs Out" video.

@The412Devil and also gas taxes/subsidies. Europe has a minimum ~$1.55 / gallon tax on gas. most rich countries are rather around $3/gallon. us federal + local tax averages $.34 while subsidies average $.28 so overall tax is only 2% so way less than average sales tax which explains much lower gas price
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@Gehajjs62727 or maybe just because it's a limited ressource, the few countries that produce most of the oil just try to make as much $$ as possible and keep the reserves during for as long as possible. this is what happens with free market and cartels agreeing on prices
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@aphex14 also bigger cars, longer distances. people spend more on car in the US than pretty much everywhere. average $800 /car / month all included. maybe not Dubai though, even if gas is way cheaper they spend more on cars 😂..
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@treehousekohtao opec is raising production so they are actually helping. or just trying to sell more gas when the price is high?
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@2010ngojo yeah I know although there are also dense areas in the US and spare area in Europe, it's much more common tin Europe to be able to do without a car. more people that don't own cars or even with license too (in the US the car comes before a roof) but low gas price is both a consequence and a cause for this lifestyle. geography/demography being another
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@gingersnap7793 and you could work for less than $1 an hour too!😉 gas also went super cheap at the beginning of COVID-19 stay at home etc..
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@mtbridingog9083 You can still drive a classic car. gas ain't that much more expensive after taking inflation into account. pretty stable price over the years AFTER gas crisis
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