How many times have you just sat in dead still traffic? Well, it’s taking a toll on the amount of gasoline we waste, especially when you take into consideration the rising gas price. A new study by the U.S. Treasury Department finds that traffic congestions wasted 1.9 billion gallons of fuel last year.
At the current price of gas, that would work out to more than $7 billion nationwide.
The study, prepared in support of the White House effort to upgrade the nation’s highways, suggests that the total cost in time and money works out to about $100 billion a year.
The study reveals that:
- 9 out of 10 Americans spend $1 out of every $7 they earn on transportation.
- Simply to repair the crumbling U.S. bridge and roadway infrastructure will require an annual $85 billion in spending over the next 20 years.
- The U.S. spends less on transportation infrastructure than the majority of other major economies, such as Britain and Germany.
– By: Omar Rana