Motorists may be enjoying the low gas prices, but a sustained price drop at the pumps could wreak havoc on California’s struggling infrastructure.
For the state’s already dwindling transportation coffers, the shrinking prices are translating to trouble when it comes to keeping up with the growing demands of infrastructure maintenance.
Funded largely through gasoline tax revenues, the already low flow of cash to statewide maintenance and building projects could suffer even more.
If the U.S. Energy Information Administration predictions are correct, 2015 could see fuel prices settle consistently well below the $3 mark for most of the year – good news for consumers, but not so much for road projects.
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