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Monday, May 01, 2006
From an excellent Stephen Bray column:
While the average profit on the sale of a gallon of gasoline is nine cents, the average state and federal tax on that same gallon of gasoline is about 45 cents (and 52 cents in Michigan). And if we must have an investigation, how about investigating the extent to which government regulations drive up prices and block new production?
I know several people have blogged about this fact, but it bears repeating. Who is really to blame for inflating gasoline prices? The companies that operate at low margins, or the government that never met a tax it didn't like?
Nine cents. Forty-five cents. I think the answer is obvious.Labels: Archives_2006
.: posted by
Dave
5:35 PM
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