The Energy Cost Domino Effect
Author: martin
28
Jul
Here’s how they fall:
- Rising gas prices cause Americans to drive less, a lot less. In April it was 1.8% less, in May 4.3%. 40 billion less miles this year.
- Less driving means less gas purchased
- Less gas purchased means lower tax revenues from gas taxes
- Gas taxes are commonly used for improvements to transportation infrastructure including desperately needed public transport systems, bridges, roads, etc.
Just another example of how our economy was built to support oil companies on every level, to the point where we cannot extract ourselves without major sacrifice.
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