When hidden costs are factored in, the cost of a gallon of gasoline amounts to about 12 12 per gallon. True False

The statement is false. When hidden costs are factored in, the cost of a gallon of gasoline is typically much higher than $12. These hidden costs can include environmental costs, such as the cost of pollution and climate change, as well as the cost of healthcare for those affected by air pollution. Additionally, there are economic costs associated with the extraction and refinement of oil, as well as the cost of maintaining and repairing the infrastructure used to transport gasoline. All of these costs are typically factored into the price of gasoline, but they are often not reflected in the retail price that consumers pay at the pump. Therefore, the statement is false.