Reducing Gasoline Consumption

Reducing Gasoline Consumption

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Compares 3 methods of reducing gasoline comsumption in the United States: setting higher Corporate Average Fuel Economy (CAFE) standards for passenger vehicles; raising the Federal tax on gasoline; and setting a limit on carbon emissions from gasoline combustion and requiring gasoline producers to hold allowances for those emissions, known as a cap-and-trade program.For example, manufacturers could increase the fuel economy of new vehicles or produce vehicles that use alternative fuels, such as ethanol. Consumers could purchase relatively fuel-efficient vehicles and hasten the retirement of older, less efficient ones. They could shift some of their driving to the most efficient car they own, reduce the number of miles they drive (such as by carpooling, using publicanbsp;...

Title:Reducing Gasoline Consumption
Author: Terry Dinan, David H. Austin
Publisher:Congressional Budget Office - 2002-11

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