« Pop!Tech - Interview With Kiva's Jessica Flannery | Main | Household: Household Code in Review »

Oct 23, 2007


Feed You can follow this conversation by subscribing to the comment feed for this post.


I've wondered the same thing about summer-mixes of gasoline. Every summer, gas prices rise in Chicago, making them highest in the nation. One of the reasons is because there is a special mixture of gas required that reduces pollution. But Chicago's mix is different than the mix of other cities. Because of this customization, gas companies can charge more since it can only be processed at certain refineries.

Michael W. Kruse

I think one of the things I've come to conclude as a general rule is that government usually functions better when it proscribes things than when it prescribes things.

Externalities like polution have to be dealt with. Businesses would otherwise be able to shift the cost of their actions on to others. But what usually works best is when mechanisms are put in place that make it costly for businesses to pollute and then lets them find the solution to reducing pollution, rather than prescribing a solution (gas mixtures) and the regulatory nightmare that often comes with such prescribed approaches. I don't know enough about the specifics of the petro industry to give an informed opinion about this specific problem.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)

Your email address:

Powered by FeedBlitz

Kruse Kronicle on Kindle

Check It Out