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Rationalizing transport fuels pricing policies and effects on global fuel consumption, emissions government revenues and welfare

Anouti, Yahya F.
; 
Colorado School of Mines. Payne Institute for Public Policy
; 
Dahl, Carol A. (Carol Ann), 1947-
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2015-11
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Rationalizing-Transport-Fuels-Pricing-Policies-and-Effects-on-Global-Fuel-Consumption-Emissions-Government-Revenues-and-Welfare.pdf
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https://hdl.handle.net/11124/14507
 https://doi.org/10.25676/11124/14507
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Abstract
Society bears many costs when consumers use transport fuels like gasoline and diesel. To name a few impacts, consumption of transport fuels adds to climate change, local pollution, traffic congestion, and traffic accidents. Fuel consumers do not directly bear the burden of those impacts. In addition, some countries (like Venezuela and Saudi Arabia) subsidize the consumption of gasoline to shield domestic consumers from volatile price changes. In short, the world market for transport fuels is highly distorted because consumers to not pay the full costs of fuel consumption.
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©2015 by the Payne Institute for Earth Resources. All rights reserved.
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