News for hackers. Stuff that matters.

A comment on Tesla reports first quarterly profit in more than three years. Parent comment

Re:Tesla reports first quarterly profit in more than three y... by rmah on Thursday October 27, 2016 @06:57AM (#12804071)
Gasoline is not subsidized, it is heavily taxed.
[ Parent | on HN ]
Re:Tesla reports first quarterly profit in more than three y... by Reason077 on Thursday October 27, 2016 @01:50PM (#12807428)
Yes, gasoline is taxed at the retail level (though not particularly heavily in the US).

However oil & gas production receives significant subsidies in many (most?) countries around the world, including the US.

In addition, oil used for things like aviation fuel, heating, power generation, and maritime fuels used for shipping, are typically completely tax-free.

[ Parent | on HN ]