September 10, 2020
Rarely mentioned, the revenue generated by gasoline taxes in the U.S. and Europe has been affected by the coronavirus pandemic.
Rarely mentioned, the revenue generated by gasoline taxes in the U.S. and Europe has been affected by the coronavirus pandemic.
Since gasoline prices vary in the U.S. because of different state taxes and wholesale crude, the impact on consumption expenditures also is different.
Subsidies and taxes determine the price of gasoline. Whether gasoline is cheap or expensive, its price affects people's incentives and national tradeoffs.