Until the price of gas starts to remotely reflect the medium to long term costs of climate change I basically always celebrate anything that increases gas or carbon-based energy prices. Like, it sucks... but there's lots of data that consumers respond to these prices in their choices.
The way I think about it, the entirety of global civilization is massively, massively subsidizing carbon emission.
I agree. I’m just addressing the notion raised in the post above that oil companies will bear cost increases in an industry where everyone sells an identical product and consumers can just cross the street to save $0.10 a gallon.
If you wanted to pay for direct air capture of CO2 to directly "undo" your climate effect of driving, the cost would currently be about $6 per gallon. Price comes from [1], found [2] looking for a second opinion on current direct air capture cost.
The way I think about it, the entirety of global civilization is massively, massively subsidizing carbon emission.