Environmental Economics
The cromulent economics blog
recent posts
Category: Gas Tax
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The new WSJ Numbers Guy [guy?] seems to love economics more than Carl does: Cheap gas makes people use too much of it — that’s the takeaway from a study in this month’s American Economic Review. In “The Economic Cost of Global Fuel Subsidies,” Lucas Davis, a associate professor at Berkeley’s Haas Business School, uses…
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The logic is the same: lower the gax tax, people drive more miles and revenue increases. And, I'm sure, we create more jobs. Ah, well, I can dream can't ? Now, back to business: The federal gas tax, long used to help states pay for roads and bridges, hasn't been raised since Bill Clinton was…
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As America's road planners struggle to find the cash to mend a crumbling highway system, many are beginning to see a solution in a little black box that fits neatly by the dashboard of your car. The devices, which track every mile a motorist drives and transmit that information to bureaucrats, are at the center…
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The Lone Star state may be warning Elon Musk “Don’t mess with Texas” thanks to its newest Tesla (NASDAQ:TSLA) sales ban, but Musk doesn’t exactly seem to be running scared. In fact, his company just recently erected a new Supercharger station right on Texas grounds, conveniently halfway between Austin and San Antonio and behind the San Marcos…
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Jodi Beggs on Virginia's hybrid tax: In this particular case, the tax revenue would be used to maintain roads, so taxing hybrid owners to make up for them not paying the gas tax is in line with the benefits principle of taxation, but it fails a basic reasonableness criterion of “tax things you want less of…
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Gas taxes have two objectives: Price the external effects of driving–like emissions, congestion, road use/maintenance… Raise revenue for other government programs Sometimes these two objectives conflict. For example, by pricing the external effects of driving, a gas tax makes driving more expensive and leads drivers to seek alternative ways to reduce the cost of driving. …
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Valerie J. Karplus ("a research scientist in the Joint Program on the Science and Policy of Global Change at M.I.T.") in the NYTimes: … But if our goal is to get Americans to drive less and use more fuel-efficient vehicles, and to reduce air pollution and the emission of greenhouse gases, gas prices need to…
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Yesterday, I posted this. Last night I got this: Hi Tim, I read with interest this item on the Environmental Economics website…Would like to get your thoughts on what would constitute “smart” gas price coverage… We struggle with how best to cover gas prices each and every time prices spike! Regards, Greg Agvent, Director of…
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From the Autoblog: … Virginia state governor Bob McDonnell is the latest to offer up another way to secure more revenue from the state's residents to pay for their roads and public transportation. McDonnell's proposal would eliminate Virginia's 17.5-percent gas tax entirely, with funds for infrastructure projects coming from an increase in the sales tax…
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From today's Washington Times: An on-again, off-again move by the Obama administration to scrap the federal gas tax in favor of a pay-per-mile fee would boost the tab to Americans as high as 250 percent, raising their current tax of 18.4 cents a gallon to as high as 46 cents, according to a new government…
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