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06 Nov 2009 HEADLINE


Raising U.S. Gasoline Taxes Will Spur Fuel Efficiency Boosts, Say Auto Execs



Source: Reuters
Class: SYNDICATED NEWS

SYNOPSIS: $4 a gallon gasoline would have a far greater effect on American fuel usage than Washington's $25 billion loan program, say carmakers.

DETROIT (Reuters) - There's a simple way to get Americans to drive fuel-efficient cars, according to auto executives, but they are not going to like it -- sharply hike the gas tax.

While politically unpalatable, gasoline that costs at least $4 a gallon would have a far greater effect on American fuel usage than Washington's $25 billion loan program meant to spark investment in new technologies, executives told the Reuters Autos Summit in Detroit.

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7 comments so far...

08-Nov-2009
98695 		   First stop the incentive and subsidies we pay to Billion dollar oil companies. If we did that we would have gas and diesel prices of $8-10 dollars a gallon. The do like Germany and tax the pollution and clean up costs we all pay, that makes their fuel $10-12 a gallon. It's pretty simple when people can see the real cost right at the pump. Bicycle sales will continue to rise!
Posted by: jim stACk
06-Nov-2009
97116 		   I agree completely with this article. Not only would these taxes help our government but they would help the auto industry and the end users. Increasing taxes on fuel across the line where people have the incentive to abandon gas guzzlers and buy efficiency is the only thing that is going to work. As long as the price of fuel is low trying to promote fuel efficient vehicles is like trying to swing up stream against a swift current. It can be done but it doesn't get you very far.
Posted by: John Gilkison
06-Nov-2009
96873 		   ABSOLUTELY TRUE! This needs to be done while gasoline prices are still low. Will someone in DC please take a lead on this??? BTW, you know big oil is advertising AGAINST this. The only proves it's the right thing to do.
Posted by: jeff p
07-Nov-2009
97556 		   I also agree. Higher priced fuel through higher fuel taxes would make the fuel efficient car market more compelling to consumers and more worthwhile for manufacturers. The cheapness of fuel is demonstrated 24-7 by the idiotic way we operate our mopeds, motorcycles, and 1½-, 2-, & 3-ton 4-wheeled personal air conditioning units.
Posted by: Wesley L
12-Nov-2009
104539 		   Simply increasing taxes on fuel would be politically impossible. However, it may be possible to shift part of the tax load from the income tax to a fuel tax so that the average person would come out even, but a powerful incentive to improve fuel efficiency would result.
Posted by: Frank Eggers
12-Nov-2009
105153 		   Totally WRONG! We don't need higher taxes or costs on ANYTHING! We have people working two or more jo bs now who can't pay for everything each month. On ly the rich or arrogant 'economiticians' who ride to the office in limos are for screwing the workin gfolk by arbitrarily raising fuel taxes to spend elsewhere on stuff we don't need like endless war and multi-million dollar CEO bonuses?..The idea of 'punishing' gruntfolk is sickening: Why do these creeps call for stuff like this and say that it is 'anti-socialist' or 'good for capitalism'? We don't need to become Europe unless the 'tax 'em' fans build us neat, safe public transit, establish single-payer healthcare, give us 35 hr weeks and 5-6 weeks vacation, etc. Do you still pay only 25% of your monthly income on shelter? 10% on transpor t? Less than that on insurance of all kinds? I don 't think so, unless you are rich--or a crook... Aaron Allen..
Posted by: Aaron Allen
09-Nov-2009
100037 		   I can tell gasoline is cheap. Every V8 land barge has been back to the pedal-to-the-metal type driving for months. We need to use the lessons from Europe to raise taxes on fuel. Think of it as just another sin tax. The more you sin, the more tax you pay. I can afford it.
Posted by: Joel Jenks

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