Friday, June 13, 2008

Betting on Spain

Spanish truckers are striking over high gas prices. I'm trying to find out how much the Spanish gas tax is. I'm willing to bet $100 that the Spanish tax is lower than the non-striking European countries England for example. My thesis is that the lower the gas tax, the more vulnerable the businesses are to the volatility of gasoline.

In fact, to be fair, I'd wager the Spain is in the lower range of major european countries in terms of gas tax: England, Germany, France, Italy, Spain (Maybe others? I don't know which other European economies are major). The $100 wager will go to a charity specified by the winner.
Thank you.

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