More infrastructure funds are needed
In 1993 the average cost regular gas in the U.S. was $1.93. Today it’s $2.36.
The federal gas tax was $.184. Today it’s unchanged.
The infrastructure construction cost index was .50. In 2019 it’s 1.09.
In 1993 there were roughly 125.8 million autos in the U.S. In 2019 there are roughly 113 million. The average mileage driven per auto has remained about the same.
President Donald Trump may want to increase the gas tax from $.25 to $.434.
If the gas tax had been indexed to the infrastructure construction cost index it would today be $.401, but in the past 26 years it would have been much higher than $.184.
Our infrastructure could have been kept in top-notch repair and expanded as needed. The need for large amounts of extra funds would not be dire.
Instead our penny-wise, pound-foolish state and federal governments, have sorely neglected this most important “socialistic” responsibility. The cost of repair now is far higher and the need more dire.
I hate to say this, but I agree with Trump: the money is badly needed. We’ve got a lot of catching up to do, and the longer we wait, the more it will cost.