Are Regulations Causing Pain at the Pump?
How much cheaper would it be to fill up your car if not for the taxes included in every gallon of gas?
The long arm of government is impossible to escape. Even with the most innocuous of tasks like buying an apple, the government is involved in more ways than one. Government involvement usually involves higher consumer pricing. So how much does government regulation affect the price at the pump?
From Prager U:
When you fill up at the gas station, you’re paying for a lot more than just the gas. As today’s video explains, the state and federal taxes embedded in the price of each gallon impose an economic burden on everyone who drives.
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Comments
The thing that really galls me is that gas taxes are really a transfer of wealth from rural people like me to city folks. Being rural, we have to drive farther so we use more gas and put more money into the “Highway Trust Fund”. So what does the government do with that money? They spend it on mass transit and bike paths for the city folks. They get more votes that way, doncha’ know?
“Being rural, we have to drive farther so we use more gas”
I am not sure this is correct. I have friends/relatives that live in the “city” and visiting with them about their daily drives is one of the main reasons I never pursued that option. Often times they have 30+ minute commutes just to drive across town for work. Even on bad traffic days it takes me all of 10 minutes to drive across town where I live and many of my coworkers that live outside of town 20 minutes is the norm. A 20-30 minute drive on open highways will use less fuel than stop and go traffic in town so even if we do drive further we often use less fuel.