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Taxes make up to 65 percent of fuel costs in parts of U.S. and Europe, Daniel Lacalle notes

Taxes make up to 65 percent of fuel costs in parts of U.S. and Europe, Daniel Lacalle notes
Taxes drive up fuel costs in U.S. and Europe

Daniel Lacalle, chief economist / investment manager at Tressis Gestion, comments that gas prices in the U.S. may drop rapidly. However, he highlights that high-taxation states in the U.S. and European countries face persistently high fuel prices because direct and indirect taxes can account for as much as 65 percent of the price. The tax structure, according to Lacalle, is designed to maintain government revenues even if commodity prices decline.

Lacalle has previously noted that high gasoline prices in Europe are mainly driven by heavy taxation, rather than commodity costs, in a recent analysis. Separately, he cited strong financial markets alongside stable bond performance, attributing these trends to robust liquidity conditions in another market update. These views reflect his ongoing focus on fiscal and market drivers affecting fuel and financial sectors.

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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