Too damn bad.My rationalle for having a % of price tax on gasoline is as follows.
Oil goes up to $150/bbl.
Materials for road repair and construction goes up accordingly.
Gallons of gas sold goes down.
road tax revenues drop due to fewer gallons of gas sold.
Not enough road tax revenues to keep roads maintained.
How about putting 100% of the fuel taxes collected towards roads and bridges, rather than siphoning off about 20% of it for silly urban mass transit boondoggles, huh?
What makes roads and bridges such a good investment, but buses and subways a bad one?