Bottom Line - We waste 1.9 billion gallons of gas sitting in traffic: "A new study by the U.S. Treasury Department finds that traffic snarls wasted 1.9 billion gallons of fuel last year — about 5% of the gas American motorists used. At the current price, that would work out to more than $7 billion nationwide. Other recent studies have indicated that Americans collectively waste about 5 billion hours in traffic, meanwhile, which works out to billions of dollars more in lost productivity.
In all, the study – prepared in support of the White House effort to upgrade the nation’s highway infrastructure – suggests the total cost in time and money works out to about $100 billion a year.
The cost of poor quality roads, meanwhile, results in about $400 in added yearly maintenance costs for the typical urban driver. That runs as high as $756 annually for a motorist in the metropolitan San Jose areas, according to the report."
Monday, March 26, 2012
Burning gas as if there is no tomorrow
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