The Political Economy of Gasoline Taxes: Lessons from the Oil Embargo
From 1864 to 1972, the real price of oil fell by, on average, over 1% per year. This trend dramatically broke when prices for crude increased by over 650% from 1972 to 1980. Policymakers adopted several policies designed to keep oil prices in check and reduce consumption. Missing from these policies...
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| Format: | Article |
| Language: | English |
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University of Chicago Press,
2019-03-04T15:04:55Z.
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| Online Access: | Get fulltext |