With the decline in oil prices, sales on the Hyundai’s smaller car with good gas mileage have also declined. With less of an appeal on good gas mileage, Hyundai is looking into going into another type of vehicle. The Korean automaker is now planning on introducing commercial vehicles in the U.S and plans to invest $2 Billion.
For more info go to Consumer Affairs>>
Obama’s first secretary of Transportation Ray Lahood and the current secretary of transportation Anthony Foxx have both discussed the importance of voting this coming tuesday, when 435 congress seats will be elected. They remind us that the current congress has not been able to pass a long term high way bill, LaHood claims that there is no vision in todays congress. Here are some interesting infrastructure facts by both the former and current secretary of transportation.
Thoughts by Ray Lahood (Former Secretary of Transportation)
– The US used to be #1 in infrastructure, we are now #15
-“Build an interstate road and you create a corridor of commerce.”
– Recommends gas tax increase of 10 cents per gallon, and it needs to be indexed to the cost of living.
– Him and the rest of the Obama administration were working on plans to boost a world class high speed rail which has cost $8 billion.
Thoughts by Anthony Foxx (Current Secretary of Transportation)
-People are finally understanding that “short term measures are doing damage to our system.”
-The current gas tax is 18.4 cents but has not been raised since 1993.
-The Last Transportation Bill approved by congress (2012) included $50 billion per year but the gas tax is only bring in $34 billion per year.
For more on Ray Lahood go to Trucking Info>>
For Anthony Foxx go to The Trucker>>
The average cost of gas has official fallen to $3.03, leaving half the gas stations in the US under $3. Lets check out where you should be loading up on gas.South Carolina has the cheapest gas at $2.78. Most southern states have lower gas prices because they are close to the oil refineries Most prices depend on the state taxes, environmental standards and refining capacity. To check out your states average go to Wall Street Journal>>