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You Won’t Believe How High the Gas Taxes Are in Europe

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Americans are generally aware that fuel costs more in Europe than at home, but you may not realize just how high taxes are on a gallon of gas in many European countries. In fact, the EU sets a minimum tax of $1.55 (at current exchange rates) per gallon for all member states, but many charge their drivers far more. The Tax Foundation’s Adam Hoffer explains:

In response to a year of extreme energy price increases in 2022, many European countries offered partial relief through temporary fuel tax reductions. In 2023, European gas and diesel taxes have mostly returned to the rates in place before the Russia-Ukraine war. The European Union (EU) requires Member States to levy a minimum excise duty of €0.36 per liter ($1.55 per gallon) on petrol (gasoline).

Today’s map shows that only Bulgaria, Hungary, Romania, Malta, and Poland stick to the minimum rate, while all other EU countries levy higher excise duties on gas. The lowest gas tax is in Hungary, at €0.29 per liter ($1.21 per gallon), as the Hungarian rate is set in its domestic currency, the forint, resulting in an average rate slightly below the EU minimum after exchange rate fluctuations. The next lowest rates after exchange rates are Bulgaria, Malta, and Romania, each at €0.36 per liter ($1.48 per gallon).

Of all the European countries, the Netherlands boasts the highest taxes per gallon, charging drivers $3.25 extra (at current exchange rates) per gallon. Hoffer continues:

The Netherlands has the highest gas tax in the EU, at €0.79 per liter ($3.25 per gallon). Italy applies the second-highest rate at €0.73 per liter ($3.00 per gallon), followed by Finland at €0.72 per liter ($2.98 per gallon).

Action Line: Politicians in Europe are just like those in the U.S. Some see their citizens as piggy banks to fund their own priorities, and some see citizens as valued customers to serve. Make sure you’re living somewhere you are treated well. If you’re looking for a better America, start your search with Your Survival Guy’s 2023 Super States. Then click here to subscribe to my free monthly Survive & Thrive letter, and make yourself a Survivor.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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