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Paris Is Not a Gas

Americans may be lamenting the rise in gas prices:

Fortune Gas Prices 2018 Comp.jpg

However, if you want to see real pain, check out the price of different grades of gas in Paris this week:

Regular (SP95): €1.75/liter; $7.98/gallon
Super (SP98): €1.87/liter; $8.53/gallon
Diesel (Ultimate): €1.76/liter; $8.02/gallon
Red Diesel (Gasoil): €1.68/liter; $7.66/gallon

Paris Gas Prices 2018A.jpg

Add the tax on gas to the high levels of French income and capital gains tax, and then factor in the 20% Value Added Tax on most of your other purchases, and you can see why it is hard to do business here.

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