You have no ******* clue as to what you are talking about. Do me a favor... check the global prices of "petro" and get back to me. We have subsidized the price of gas in this country for decades. PS...don't forget... other countries charge by the Liter, not the gallon.. so add that into your calculations.
Subsidized "prices"? Got a link?
If you state oil company subsidies, you'd be wrong.
Global prices? All one has to do is check the New York Mercantile Exchange. There you will find wholesale market prices for gas oil, natural gas heating oil and other futures.
If you are referring to retail pump prices, those are influenced by the amount of taxes placed on a gallon of gas.
In this link find a chart which illustrates the actual price vs the retail with taxes included. Some EU nations tax their fuel heavily. Norway leads with nearly 75% of the retail pump price being taxes.
One of the issues preventing such confiscatory taxation here is our reliance on vehicles for every aspect of our lives. We value our freedom to travel. Taxation would jeopardize our freedoms. We do business with vehicles.
Another issue if EU nations have far more mass transit per capita than we do in the states. And how do EU countries afford to build mega rail and bus systems? You got it..Taxes.
Plus, riders of mass transit are heavily subsidized by taxes as well. If a typical train passenger had to pay the actual cost per mile for his ride, he'd be unable to afford that ride.
In any event, those wishing for European type gas prices will have to go on wishing. Those levels of taxes on fuel would cripple US Commerce...Or send consumer prices skyward.
Travel and tourism would come to a halt. Air travel would be a luxury for only the very wealthy.