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High gasoline prices largely stem from taxes, Daniel Lacalle notes

High gasoline prices largely stem from taxes, Daniel Lacalle notes
Gasoline prices in Europe driven by taxes

Daniel Lacalle, chief economist and investment manager at Tressis Gestion, states that in most countries where gasoline prices are expensive, this is almost entirely due to taxes.

He points out that Europe is among the regions with the highest gasoline prices in the world.

Lacalle has addressed recent economic data in other commentary. He highlighted that core U.S. factory orders posted their fastest annual growth since November 2022. He also noted that rapid money supply growth since 2021 is affecting assets and cited poor preparation behind Europe's energy crisis.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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