Want $2.50 a gallon gas? Try $187 billion in subsidies
This final note today. We talked about this a couple of weeks ago — the plan from former House Speaker Newt Gingrich to get gas prices down to $2.50 a gallon. How, we asked, might that happen?
Experts we talked to said, among other things, that Los Angeles and New York would have to stop driving. Completely.
The Atlantic magazine took another track: $187 billion a year in government subsidies.
The math’s pretty interesting. Check it out here.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.