Tag Archives: fuel efficiency

On the inefficiency of fuel efficiency standards

Imagine you have just been pulled over for exceeding the speed limit. The officer explains that the penalty for speeding decreases with engine size. Why?  Because it is relatively more difficult for drivers of high performance cars to exercise restraint … Continue reading

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Global Gas Guzzlers

Recently I have been spending a lot of time thinking about global fuel subsidies. The most extreme example is Venezuela, where gasoline costs only 6 cents per gallon.  That’s not a typo. The price in Venezuela is less than 1/50th of what … Continue reading

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Venezuelan Gas Guzzlers

Since reading Catherine’s post last week (link here), I have been thinking a lot about Venezuela’s gasoline subsidies. Venezuela has the cheapest gasoline on the planet. At official exchange rates, gasoline costs only $.06 per gallon; at black market exchange rates gasoline is even cheaper. … Continue reading

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Fuel Economy Standards and Used Cars

Last August the Obama administration announced new fuel economy standards. Cars and trucks sold in the United States must reach an average fuel economy of 41.7 miles per gallon by 2020, increasing to 54.5 miles per gallon by 2025. Supporters of the tightened standards … Continue reading

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Marginal vs. Average Generation: The Case of the Electric Car

I have a fantasy. I want a cool looking electric car, that gets 50+mpg and is not outrageously more expensive to buy and operate than a VW Golf when driven 12,000 miles per year. I was excited when I saw that the … Continue reading

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