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The Federal-Aid Highway Act of 1956, along with the Highway Revenue Act (1956) created the Highway Trust Fund (HTF) as a mechanism through which federal gasoline taxes would be used to fund the construction and maintenance of the U.S. highway system. Both the taxes themselves and the authority to place these funds into the HTF expire and must be extended periodically. In 1993, the last increase brought the federal gas tax to 18.4 cents per gallon, 24.4 cents per gallon for diesel. Many point to inflation and increased fuel efficiency as causes of significant shortfalls in the HTF and claim… [more]
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U.S. House of Representatives
When we think of environmental policies that impact business, we don’t often think of increased profits. Too often the private sector is positioned at odds with efforts to address environmental issues through state and federal legislation. But alternatives to this false dichotomy exist and it’s important that we identify and act on these opportunities. As an example, let me point to the adjacent ports of Long Beach and Los Angeles, which together make up the busiest container port complex in the Western Hemisphere. Last year, the ports moved the equivalent of nearly 15 million 20-foot-long containers. The ports contribute well… [more]
View Insight[Note: The statements below are intended solely to stimulate discussion among the Expert community, and do not represent the position of OurEnergyPolicy.org. Text in italics indicates clarification or expansion.] The main recommendation is to let the free market do its work. It is likely that gasoline prices will continue to rise over the next 20 years and as a result will encourage consumers to buy more efficient cars, drive less, use more public transportation, live closer to work, etc. Government intervention is required only to nurture the market for oil replacement. The last oil shock and the new economic… [more]
View Insight[Note: The statements below are intended solely to stimulate discussion among the Expert community, and do not represent the position of OurEnergyPolicy.org. Text in italics indicates clarification or expansion.] Diesel accounts for 30% of U.S. transportation fuel. In many uses (like trucking), there is no replacement technology in sight. The use of diesel in Europe is double that of the U.S. Bio-diesel is an excellent replacement for oil-derived diesel since it requires only minor infrastructure change or engine change (unlike methanol and ethanol). However, our sources for bio-diesel are limited today. We need to create a larger bio-diesel market… [more]
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