Jul
3
Politics Failed, but Fuel Prices Cut Congestion
“…Still, the new numbers do bolster a central point of the Bloomberg plan: that higher prices can motivate commuters to give up their cars.” But the MTA gets nothing, whereas it would get Congestion Pricing revenues.
Update: Streetsblog wonders how much of the congestion cut cited in the article is due to toll increases instead of gas prices. Additionally they ask, “which tool for cutting traffic is more desirable: a ‘market-driven’ gasoline price rise that enriches the owners of petroleum, or a socially-decided road-pricing policy whose revenues would be available to improve transit.”