Americans Continue to Drive Lessby Tim Manni
Americans drove 12.2 billion fewer miles in June of this year compared to last, marking the eighth-straight monthly decline in vehicle miles driven. High gas prices have forced Americans to alter their driving habits, as well as purchase more fuel-efficient vehicles to save money. As we reported last month, US Transportation Secretary Mary E. Peters and US law makers are currently undertaking new strategies to overhaul the nation’s transportation investment strategy. As drivers fill up less often, the national gas tax is bringing in less money for the Federal Highway Trust Fund, which is responsible for funding the construction and repairs of roads, bridges, and public transportation systems.
Americans drove 2.6 billion fewer miles in June compared to May. Expect drivers to hit the roads even less when July’s report is released, as gas prices reached a record high in that month. So far neither Congress nor the DOT has developed a solution to supplement the funding of the Highway Trust Fund.