COMMENTARY: How high should the gas tax be in order to reflect the true cost to society? asks Frederick Hewett (fred02138
So the gas-price shock should not be shocking. The American consumer’s desire for SUVs and pickup trucks — and the industries that have profited from them — together set the stage long ago for the economic pain we’re feeling now.
Even as gas prices increase, the cost doesn't begin to cover the social damage of gasoline consumption.from 2018 estimates that the U.S. military spends $81 billion per year to protect global oil supplies, much of that in the Persian Gulf. Another example is the toll of water and air pollution caused by the extraction, refining and distribution of gasoline. The fracking boom that drove down the cost of oil worldwide is responsible forCars and trucks are the main sources of ground-level ozone, a primary component of smog. Ozone
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