Per Craig's feature on gas prices--the price of gas at a Chevron near Rome's busiest intersection has been $2.05 on each of the last two Fridays. Georgia has one of the lowest gas taxes in the country so we probably pay less than just about anyone else.

An interesting example of gas tax incidence: When I moved to GA in 1997, my wife and I took a drive up to Chattanooga. Near the GA/TN state line there were a couple of gas stations about 3 blocks apart. The station on the GA side of the line was charging about 12 cents less per gallon than the station on the TN side of the line. After seeing this price difference and hypothesizing that it was caused by differences in state gas taxes, I looked up the tax rates. TN's was 12.5 cents per gallon higher than GA's. Score one for economic theory--on the other hand, who would put a station only a couple of blocks into TN when GA gas just across the line could be sold so much cheaper? And who would buy in TN when they could drive another couple of blocks to save 12 cents per gallon?

As Bob posted a few days back, I will be joining co-bloggers Larry, Josh, and Bob at the APEE conference for the next 3 days. See you when I return ...