The U.S. has reached a milestone by leading the world in petroleum and natural gas production and in electric vehicle innovation. With moderating gas prices, the government should use this halcyon moment to rationalize funding for transportation. As the gas tax was last adjusted in 1993, an increase is long overdue. Our nation’s productivity is impaired by poor infrastructure and congestion. It is time to decouple our economy from oil and capture a larger share of transportation costs domestically. Proceeds spent on infrastructure will foster job growth not only directly through increased construction activity but also indirectly by enhancing the competitiveness of domestic industries. The Obama administration is uniquely positioned to lead as educator-in-chief on this front.
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