A White House proposal to tax crude oil would address the U.S.‘s perennially underfunded highway maintenance program.
Obama's proposal to add $10 tax to crude oil raises the thorny question of whether the U.S. can continue to fund its highway infrastructure with a fuel tax that hasn't changed since 1993.
Stored underground: a strategic reserve, or source of funds?
US Department of Energy
It's been done before but tapping the Strategic Petroleum Reserve – particularly when prices for oil are low – isn't the best way to fund the Highway Trust Fund.
Some US bridges are currently living out their twilight years.
There are about 600,000 bridges in the United States, and about one in four is classified as functionally obsolete or structurally deficient. This doesn’t mean they’re in danger of imminent collapse; they…