Posts Tagged ‘gas’

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    The Real Cost of a Car

    May 23, 11 • 145 Views • Demand, Supply, and Markets, Environment, Government, Households, Regulation, Thinking EconomicallyNo Comments

    To see how much a car costs, just add up the purchase price, insurance, gas and a yearly service. Yes? According to one group of researchers, a car that is driven 100,000 miles costs $19,000 more than you might think. The $19,000 relates to external costs.

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    Gas Prices

    Dec 11, 10 • 192 Views • Environment, Households, Macroeconomic MeasurementNo Comments

    Have you been paying more for gas? Looking at this map, you can see that gas prices around the country have been rising in most places. Economist James Hamilton suggests that the price of gas is directly connected to the GDP. Citing the BEA breakdown of