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The Option of an Oil Tax to Fund Transportation and Infrastructure

Federal spending on surface-transportation infrastructure outpaces federal taxes on gasoline and diesel fuel. Increasing fuel efficiency means that fuel-purchase expenditures have dropped, so real revenue generated from these taxes has declined. A percentage tax on crude oil and imported refined-pet...

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Main Authors: Crane, Keith, Burger, Nicholas, Wachs, Martin
Format: Online
Language:English
Published: RAND Corporation 2023
Subjects:
Transportation Studies
Business
thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNB Energy industries and utilities
thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNG Transport industries
Online Access:ONIX_20231005_9780833051837_695
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Summary:Federal spending on surface-transportation infrastructure outpaces federal taxes on gasoline and diesel fuel. Increasing fuel efficiency means that fuel-purchase expenditures have dropped, so real revenue generated from these taxes has declined. A percentage tax on crude oil and imported refined-petroleum products consumed in the United States could fund U.S. transportation infrastructure.

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