OBAMA Oil sets $7 a gallon gas price target

OBAMA Oil sets $7 a gallon gas price target

MensNewsDaily.com ^ | March 3, 2010 | Roger F. Gay

Posted on Wednesday, March 03, 2010 8:33:00 AM by RogerFGay

To meet the Obama administration’s targets for increasing fuel taxes, researchers say that Americans will have to pay $7 for a gallon of gasoline; about 17 percent more than drivers in green-conscious and generally highly taxed Sweden.

In their study, researchers at Harvard’s Belfer Center for Science and International Affairs devised several combinations of tax increases to address 70 percent of the oil used in the United States. The combinations were selected to match fuel consumption reduction targets. Most of their models assumed an economy-wide carbon dioxide tax starting at $30 a ton in 2010 and escalating to $60 a ton in 2030. In some cases researchers also factored in tax credits for electric and hybrid vehicles, taxes on fuel or both.

Fuel Taxes Must Rise, Harvard Researchers Say

via OBAMA Oil sets $7 a gallon gas price target.

 

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