The actual cost of gasoline that U.S. consumers purchase for their cars is
A) about $1 per gallon which makes it even more unfair that we are currently paying around $4 per gallon.
B) about $4 per gallon, so the current prices at the pump are right on target.
C) about $6 per gallon which is more in line with fair prices paid in European countries
D) about $14 per gallon when one considers estimated harmful environmental and health costs.
E) it was $2 per gallon until Hurricane Katrina and Deep Horizon oil spill caused increases in production costs and decreases in availability.

Question

Quizplus · Accepted Answer

The true cost of gasoline is not just what consumers pay at the pump, but also includes the estimated harmful environmental and health costs associated with its production and use. When these costs are taken into account, the actual cost of gasoline is around $14 per gallon, according to some estimates.

The Actual Cost of Gasoline That U