16 Jun '11, 6pm

The True Price of Gasoline (Video)

If you're a Treehugger, reader then you already know that we're totally underpaying for our gasoline here in the U.S . Yeah, it's painful when those gas prices rise, but the true cost of extracting, transporting, refining and burning oil is much more than $4 a gallon. The Center for Investigative Reporting has a nice animation that explains why this is. And it presents us with a thorny problem: Thanks to our insistence on underestimating the true cost of gas -- European gas prices do a bit better of a job reflecting the true costs thanks to steeper taxes -- many of our societies and economies have developed in such a way that they're now stubbornly dependent on low gas prices. Yet we need to start transitioning away from oil-dependence asap. Predominantly rural states are especially vulnerable to any rise in gas prices . So, as it becomes clearer that rising prices will be...

Full article: http://www.treehugger.com/files/2011/06/true-price-gas-ga...

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