What is the real price of gasoline - an estimate prepared by the INTERNATIONAL CENTER FOR TECHNOLOGY

[JohnWxy]

Assessment.

THE REAL PRICE OF GASOLINE

Low estimate: $5.60/gallon
High estimate: $15.14/gallon
W/price spike: $15.37/gallon

"The report divides the external costs of gasoline
usage into five primary areas:
(1) Tax Subsidization of the Oil Industry; (2) Government Program Subsidies;
(3) Protection Costs Involved in Oil Shipment and Motor Vehicle Services;
(4) Environmental, Health, and Social Costs of Gasoline Usage; and
(5) Other Important Externalities of Motor Vehicle Use.

Together, these external costs total $558.7 billion to
$1.69 trillion per year, which, when added to the retail
price of gasoline, results in a per gallon price of $5.60
to $15.14."
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but this estimate was made in 1998! I wonder what the estimate would be now with the EXXON_Cheney IRAQ adventure figured in:


http://www.ethanol.org/pdf/contentmgmt/The_Real_Price_of_Gas.pdf


This is a thoroughly documented estimate with 126 footnotes/references.

[jaksavage]

1. Shocking just shocking

Reality is so shocking.

[Clear Blue Sky]

2. Wow! The average price would be $10...

[enlightenment]

3. Much more in line with the rest of the world. n/t

[Clear Blue Sky]

4. I didn't think it was that high elsewhere.

I thought closer to $6/gal in Europe for example.

[enlightenment]

5. A bit more - remember, it's usually price per litre

rather than gallon, so you have to convert.

CNN Money had an interesting article with some averages a week or so ago:

http://money.cnn.com/2008/05/01/news/international/usgas_price/?postversion=2008050109

[Clear Blue Sky]

6. Thanks. Interesting.

Our gas is really quite cheap relatively speaking, even at current prices.

I can't imagine the effect on our economy if the price doubles.

[fed-up]

7. what if those subsidies were used for single payer universal health care??? nt

[JohnWxy]

8. OH no! can't have that - and cut out all thosse insurance companies from all those profits?

http://www.opensecrets.org/lobby/top.php?indexType=i


Where would the Republican get their money from. Oh yeah, they still got PEtroleum, Auto industry, Natural gas, (any industry that can offer them enough money).