Fuel Economy, Automotive Technology and $4.00 Gas
Posted in incentives, Price System on Jul 18th, 2008
Automobile technology has improved dramatically over the past three decades. Given the relative cheapness of gasoline, as well as the increases in household income and total compensation over the same time period, rather than use these technological advances to produce (and consume) cars that get better gas mileage, “we” have used it to build larger, […]
