The Option of an Oil Tax to Fund Transportation and Infrastructure
Author: Keith Crane, Nicholas Burger, Martin Wachs
Publisher: RAND Corporation
Release Date: February 22, 2011
Federal spending on surface-transportation infrastructure outpaces federal taxes on gasoline and diesel fuel. Increasing fuel efficiency means that fuel-purchase expenditures have dropped, so real revenue generated from these taxes has declined. A percentage tax on crude oil and imported refined-petroleum products consumed in the United States could fund U.S. transportation infrastructure.