"History is a wonderful thing, if only it was true"
-Tolstoy

Tuesday, July 29, 2008

Second order effects

Oil/Gas prices up in the spring (now dropping) and folks drive less... but

Drop in Miles Driven Is Depleting Highway Fund; Loan From Mass Transit Is Urged - NYTimes.com:

"Gasoline tax revenue is falling so fast that the federal government may not be able to meet its commitments to states for road projects already under way, the secretary of transportation said Monday.

...vehicle miles traveled on the nation’s roads fell in May by 3.7 percent from May 2007, a drop first reported Monday by The Wall Street Journal. That made May the seventh consecutive month of year-to-year decline, and the ninth in the last 12."


Just wait till all those SUV's stay parked, and we all drive hybrids.

Sorta related, we have the following :

Economic View - A Modest Proposal - Eco-Friendly Stimulus - NYTimes.com:

"The oldest cars, especially those in poor condition, pollute far more per mile driven than newer cars with better emission controls. A California study estimated that cars 13 years old and older accounted for 25 percent of the miles driven but 75 percent of all pollution from cars. So we can reduce pollution by pulling some of these wrecks off the road. Several pilot programs have found that doing so is a cost-effective way to reduce emissions."

I applaud the idea of improving emissions by upgrading the fleet, but it will likely also improve the average fleet mileage ... another hit to the road tax.

Just be careful what you wish for.

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