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Want $2.50 a gallon gas? Try $187 billion in subsidies

The Atlantic magazine does the math to see if Newt Gingrich's $2.50-a-gallon gas proposal is possible.

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.

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