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Los Angeles, California has become the poster child for terrible traffic, but the city is hoping its latest change will help speed things up.
No one likes sitting in traffic. Especially not if you’re a millionaire entrepreneur like Elon Musk.
Traffic is a waste. It wastes your time, your car’s life, and most importantly it wastes fuel. Thanks to a push from the Obama administration to invest in roads and infrastructure, the U.S. Treasury Department found out that American drivers are wasting about 1.9 billion gallons of fuel annually while idling in traffic jams.
These traffic jams are courtesy of old infrastructure which hasn’t been maintained to meet demand made by growing traffic volume. The Treasury Department estimates that it would cost $85 billion annually for 20 consecutive years “to bring existing highways and bridges into a state of good repair.” The study also found that 90 percent of drivers in the U.S. spend more than 14 percent of their income on transportation.
Poorly maintained roads costs consumers money by themselves. The Treasury Department estimates that the average driver in Los Angeles spends $746 dollars on vehicle repairs per year thanks to bad road conditions.
The United States spends about two percent of its GDP on infrastructure, which is small compared to most countries.
This data might help the Obama administration in its quest to convince otherwise cantankerous voters to allow for increased infrastructure budgets, though that remains to be seen.
[Source: USA Today]