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Tuesday, 19th June 2007

How High Will Gas Prices Go? A state by state analysis

How High Will Gas Prices Go? A state by state analysis
Source: The Heritage Foundation

Based on a review of the energy legislation currently before the U.S. Senate, S. 1419, including the just completed section on tax changes, the price of regular unleaded gasoline could rise from an early June national average of $3.11 per gallon to $6.40 in 2016. That is an increase of 106 percent. Analysts in the Center for Data Analysis developed this estimate and comparable ones at the state level from assumed effects of four major provisions in the legislation: mandates for increasing the biofuels content of gasoline, price decreasing effects from greater fuel efficient vehicles, price controls aimed at stopping "high" gas prices, and new taxes imposed on energy companies and wholesale gasoline.

Mouse over map to view breakdown by state.

See also: Senate Energy Bill Would Increase Gas Prices



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