Gas is too cheap

Great blog entry by energy economist Max Auffhammer. He notes that if we include all of the external costs, the amount we pay today for gasoline is less than half the true costs imposed on society of producing that gas. He points out that a certain government has set a minimum price for gas, to be sure that enough money is collected to pay for infrastructure (and maybe pollution remediation?). Guess where, and then go read his short piece!