The good, the bad and the ugly…
Remember that old film? Well this time it’s not a movie. The good is: Americans are showing their displeasure with the price of fuel costs and driving less…a lot less! We drove 30 billion miles less in the first half of ’08.
The bad is: A good amount of tax on gasoline goes toward repair and or maintenance of roads and bridges. They want us consuming fuel.
The ugly is: We can fall behind substantially on the condition of our roads and bridges if fuel consumption continues to fall.
I have an idea…let’s see how we can get the cost of fuel back in line! Then people would drive more and spend more. Oh, and then we can keep up our road and bridge repairs and maintenance. What a concept. Especially since economies of scale are not scaled for $120 a barrel oil. Fishing fleets can’t fill up with fuel and then go fishing because even if they catch a full load of fish, the price they get for the fish can’t pay for the gas they used to catch ’em! It goes on and on…trucking, planes everything.
Keep the pressure on our legislators, please.
And thank you for making me Your Orange County Real Estate Connection.
Best regards, Michael Caruso