We know the approximate price of gas for consumers, but what is the price for society? The external costs borne may be as high as $1.7 trillion per year for the United States alone — that’s from health problems caused by pollution and toxic fumes, damage to crops and plant life, et cetera. The Center for Investigative Reporting calculates $15 per gallon as a reasonable pump price reflecting the true cost of gasoline.
My only complaint: it should be significantly higher still, as they forgot to factor in the huge sums of tax dollars spent on foreign aid and military operations for the benefit of the oil industry:
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