In order to reach the EPA's goal of reduction of greenhouse gases from transportation by 14% from 2005 levels by 2020, gasoline must be more expensive. How expensive? Try $7 a gallon. That according to a Harvard study. The New York Times Dot Earth blog explains:
Researchers said that vehicle miles traveled will increase by more than 30 percent between 2010 and 2030 unless policymakers increase fuel taxes.
And that will increase, not decrease the amount of CO2 put out by cars, trucks, etc. So the solution, raise gas taxes until gas costs $7 a gallon.
Now remember what havoc was wreaked by $4 a gallon gas? Imagine paying nearly double that for gasoline. And, of course, the cost of diesel will have to come up too, raising the cost of everything that is delivered by truck or rail (which is . . . everything).
If you don't think that'll ruin the economy, you must be an EPA economist.
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