Move Over PEMEX
Gasoline stations in Mexico have all been exactly the same for decades. PEMEX, the state-owned behemoth has been the only show in town. Pull up to any of 11,400 stations … Continue Reading Move Over PEMEX
Cartels Work Unless They Don’t
I spend a lot of time describing unicorns in my undergraduate classroom. And by unicorns, I mean perfectly competitive markets and their features. If you’re a little rusty on this … Continue Reading Cartels Work Unless They Don’t
Automakers Complain, but CAFE Loopholes Make Standards Easier to Meet
With gasoline prices averaging $2 per gallon, Americans are flocking to gas-guzzling vehicles. Last year was the biggest year ever for the U.S. auto industry with 17.5 million total vehicle … Continue Reading Automakers Complain, but CAFE Loopholes Make Standards Easier to Meet
Driving Taxes for the 21st Century
Both Max and Lucas have recently written on this blog about the need to price gasoline appropriately. I agree with them…mostly. I mean, how could I disagree with them? I’m … Continue Reading Driving Taxes for the 21st Century
Getting Energy Prices Right
Last month Meredith wrote about coal being too cheap and Max wrote about gasoline being too cheap. But what is the right price for energy? Nobody in recent years has … Continue Reading Getting Energy Prices Right
Gas is too cheap
Readers of this blog are likely aware that oil is really cheap right now. While in July 2008, the U.S. benchmark price peaked at just above $140 a barrel, its … Continue Reading Gas is too cheap
New CAFE Standards: The Good, the Bad and the Ugly
New vehicles sold in the United States have long been subject to a set of fuel economy regulations known as the Corporate Average Fuel Economy (CAFE) standards. CAFE has been … Continue Reading New CAFE Standards: The Good, the Bad and the Ugly
