1. For raising the gas tax to $2 per gallon
Diana Snelling
ChE 384
12/6/07

2. Price of Gasoline as % of GDP
Group 1: Poor countries who export oil: <1.5%
Group 2: Wealthy countries: %
Group 3: Poor countries who import oil: >10%
US is placed in “no man’s land” at 2.5%

3. Conclusions Price of gasoline is not at present set by the free market
The government needs to tax gasoline to account for the externalities of this energy
Smaller government would be possible without our “addiction to foreign oil”.
New cleaner transportation technologies suffer competing with an artificially low gas price set by the our government