SEARCH BLOG: GASOLINE
Several posts on this blog discuss the cost of gasoline and the government's role in creating market problems and then creating bureaucracies to "manage" the problems it helps to create.
So far, the two main issues have been:
- Restricting drilling for oil and natural gas forcing the U.S. to be more reliant on foreign sources of energy
- Expanding government regulations regarding automobile mileage and CO2
The marketplace would immediately react by making a run on the smallest possible vehicles available... like these [click images for source].Now that would be a blow to politicians who would have to stand up to their constituents and explain why the government has to be involved at all in the marketplace. It would also create issues with regard to why many other taxes would have to remain in force [and the supporting bureaucracies]. It would also highlight issues with regard to the plethora of regulations that create additional costs for manufacturers and consumers.
The U.S. would be like Europe... or California.
Cost of gasoline
(U.S. Dollars per Gallon)
Date___ Belgium France Germany Italy Netherlands UK _ US
4/20/98 3.43___ 3.44__ 3.25___ 3.48_ 3.56_______ 4.04 1.21
4/21/08 8.62___ 8.34__ 8.58___ 8.32_ 9.51_______ 8.17 3.73
Look at tax opportunity! Gas is practically being given away in the U.S.
Of course, our government would do exactly what those in Europe do... raise the taxes and keep all of the onerous regulations. That's what governments do best.