I was happy that Obama stood up against the pressure to join McCain and Clinton in calling for a gas tax holiday this summer. It would have further bankrupt our federal highway trust fund, caused major job losses, increased the number of potholes across our country, and exacerbated our addiction to oil. In fact, people looking closely at our highways believe they need more revenue to stay in good shape. So we may see a dime increase in the gas tax.
The problem is, asphalt is a product made from crude oil. And the vehicles used by road construction companies run on oil. So (more…)