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Gas is highly subsidized in the U.S.. Go look up European gas prices sometime. Also when referring to the full cost of cars, GPb probably means environmental (
by Tarq0n 9y ago
Gas is highly subsidized in the U.S.. Go look up European gas prices sometime.
Also when referring to the full cost of cars, GPb probably means environmental (emissions) and political (oil wars) ones, not direct costs.
- 24gttghh 9y agoIf by highly subsidized you mean taxed at a rate set in 1993 and not updated since, nor pinned to inflation, then yes gas[oline]/petrol is highly subsidized in the US[0]. Also fuel taxes rates in Europe are much higher[1]. You'll notice the US pays $0.46/3.78L(gallon) on average for federal+ state fuel tax, while Europe pays $1.24/L($4.69/gallon). That's an order of magnitude in higher fuel taxes. I also think we should be taxing gasoline at rates closer to what EU states tax, to help better cover the negative societal/environmental of burning fossil fuels. [0]https://www.eia.gov/tools/faqs/faq.php?id=10&t=10 https://www.eia.gov/tools/faqs/faq.php?id=10&t=10 [1]https://www.eea.europa.eu/data-and-maps/indicators/fuel-prices-and-taxes/assessment-7 https://www.eea.europa.eu/data-and-maps/indicators/fuel-pric...