Prageru
@prageru·3.5M subscribers·6.6K videos
Are Regulations Causing Pain at the Pump?
Posted
December 2, 2016
Views
251,445
Likes
2,476
Comments
842
Engagement
1.32%
December 2, 2016
251,445
2,476
842
1.32%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
2:10Now PlayingHow much cheaper would it be to fill up your car if not for the taxes included in every gallon of gas? Watch this short video to find out.
Donate today to PragerU!
This video is part of a collaborative business and economics project with Job Creators Network and Information Station. To learn more about JCN, visit www.jobcreatorsnetwork.com and www.informationstation.org.
Joining PragerU is free! Sign up now to get all our videos as soon as they're released.
Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.
Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager!
Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone!
Do you shop on Amazon? Click and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful.
VISIT PragerU!
FOLLOW us!
PragerU is on Snapchat!
JOIN PragerFORCE!
For Students
JOIN our Educators Network!
Script:
As Americans we love driving. US drivers travel an average of 11 billion miles a day, which is almost 40 miles per person. But driving isn’t cheap, especially when you think about all the hidden taxes that you might not notice when you commute to work, or go on a family road trip.
Take gasoline prices: for every $40 you spend filling up your tank, almost eight dollars goes to the government in taxes. The federal gas tax is 18.4 cents per gallon. And that doesn’t even count state gas taxes, which averaged another 27 cents per gallon. And in some states like New York, the gas tax can surpass past 50 cents per gallon meaning lots of pain the pump.
Government regulations only hurt more. One recent proposal to impose a $10 tax on each barrel of oil, for example, would cost an estimated 25 cents per gallon in addition to federal and state taxes. This would not only increase prices at the pump, but also lead to unintended consequences such as job loss and lower economic output.
Research has found that a $10 per barrel tax could cost the US as many as 137,000 full-time jobs, and almost $50 billion in lost revenue every year.
Gas isn’t the only hidden tax you pay when you hit the road. When drivers use the highway or cross a bridge they’re paying the government billions of dollars in toll fees. In 2013 US toll agencies collected $13 billion from travelers.
In addition to gas taxes and drivers' personal spending on transportation, such as oil changes and car repairs, US households bear an average burden of more than $1,100 dollars per year in additional travel related costs. This includes an estimated $597 per household dedicated to road construction and repair every year.
So the next time you get in your car remember that the government has the meter running.
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
