Alex Marshall is the transportation columnist for GOVERNING and a Senior Fellow at The Regional Plan Association in New York City. His most recent book is The Surprising Design of Market Economies.
With the high price of gasoline, drivers are pouring so many dollars
into their tanks that Exxon-Mobil reported record profits in October
of $10 billion. And that was for one quarter. Paradoxically, drivers
were pouring relatively fewer dollars into other entities that depend
on gasoline spending: the various state and federal transportation
trust funds.
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