Gasoline consumption resumed downward trend in 2012
Source: Sean Reilly, E&E reporter • Posted: Thursday, April 10, 2014
Taken together, those trends are squeezing federal and state transportation funding, which remains heavily reliant on fuel tax revenue. Transportation Secretary Anthony Foxx warned in February that the federal Highway Trust Fund “is on track to bounce checks” as early as August; for Congress, dealing with the funding outlook has emerged as the key issue in reauthorization of MAP-21, the surface transportation law that expires at the end of September.
Already, the uncertainty has prompted Arkansas to shelve 10 construction projects, and Colorado could delay widening a major highway, Senate Budget Chairwoman Patty Murray (D-Wash.) said on the Senate floor yesterday as she urged her colleagues to avert “this looming crisis” by pursuing plans proposed by the Obama administration and House Ways and Means Chairman Dave Camp (R-Mich.) to raise more transportation revenue through tax code changes.
“States from Vermont to California might have to stop construction in its tracks because of this Highway Trust Fund shortage,” Murray said. Camp, who plans to retire after his current term, unveiled his plan as part of a broader tax reform initiative in late February; President Obama followed up soon after with a proposal in his fiscal 2015 budget request. Lawmakers have so far taken no action on either.