National energy stragety

Wald, “Drop in Miles Driven Is Depleting Highway Fund,” NYT (29 July ’08):

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. The secretary, Mary E. Peters, said the short-term solution would be for the Highway Trust Fund’s highway account to borrow money from the fund’s mass transit account, a step that would balance the accounts as highway travel declines and use of mass transit increases.

TiReD: President of the American Public Transportation Association, William W. Millar, says the obvious: “Robbing Peter to pay Paul is not the way to go.” WiReD: Visa cash advance pays Mastercard bill!

Priceful.

(Streetsblog)

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