Posted By Deral at Home on 9/6/2008 at 9:48 AM
mentioned this six months ago when the rise in gas reached $4.00.
People started driving a lot less and most DOT's are heavily funded by
the tax on gasoline. We saw an immediate impact in Oklahoma.
Funding Running out for Projects
ODOT reported that within the next 30 days they will run out of money
and stop funding any more projects. And with the drop in revenue then
they said that they will also be slow in paying for existing projects.
infrastructure is falling apart acros the US and this is not a good
sign. Many on this board have taken a huge hit with the housing slump
but if I was into construction big time then I'd start watching this
Especially if I did a lot of state highway and bridge projects.
the price of gas locally still around $3.80p then raising the taxes on
gas would be a very hard thing to push at this time.
still stick with my feelings that high prices are good for us in that
it is starting to kick start other alternatives that were not
economically viable when gas was $2.00 a gallon.
If you drive a
lot of hubs then you need to start watching this at the state level. It
will quickly impact city and country projects that rely on state and
September 8, 2008