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On The Blogs: The Real Price of Gasoline

Michael Holloway looks at the Real Price of Gasoline, factoring in more than just the price at the pump:

As an addict of the bicycle as much as the rest of the culture seems to be addicted to pumping gasoline, I couldn’t agree more with Mayor Ford. The subsidies on the price of gasoline I pay through my taxes add up to $2.00 per litre!

From a study by the International Center for Technology Assessment (CTA) entitled, The Real Price of Gasoline (pdf):

“..costs [...] are passed on to both gasoline users and nonusers by way of higher taxes, insurances costs, and retail prices for items other than gasoline. Effectively, the cost of gasoline is substantially higher than the price consumers pay at the pump, even though the majority of this cost is hidden from the public.”

Read the full post on Michael Holloway’s Blog



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