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The full retail price for 1 metric ton of fossil fuel carbon dioxide, just as it comes out of the tailpipe of your car is $393 per metric ton.
The calculation is $3.50 per gallon of gasoline (without alcohol added) x 19.6 lb of CO2 per gallon of gasoline ( so far we have .17 cents per pound) x 1000 kg = 2204 lb => $ 393.68261 dollars req…
The full retail price for 1 metric ton of fossil fuel carbon dioxide, just as it comes out of the tailpipe of your car is $393 per metric ton.
The calculation is $3.50 per gallon of gasoline (without alcohol added) x 19.6 lb of CO2 per gallon of gasoline ( so far we have .17 cents per pound) x 1000 kg = 2204 lb => $ 393.68261 dollars required to buy enough gasoline to make 1 metric ton of fossil fuel CO2. This calculation uses the CO2 value for gasoline not diluted with ethanol.
So Trump said something under $10 a ton. the Biden administration is saying something around $50 a ton. This retail price calculation indicates Biden is going in the right direction.
You have the price of gasoline used to produce a ton of CO2. That is not the Social Cost, which is based on potential benefits and damages from having the CO2 in the air.