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Take a Risk on Wednesday’s Headlines

Transit agencies that bet on high diesel costs are reaping rewards, but the strategy doesn't always work out.
Take a Risk on Wednesday’s Headlines
Suspending gas taxes are not going to bring back pre-Iran War prices. Photo: Wikimedia Commons
  • Transit agencies and school districts often shield themselves from spiking diesel prices by signing contracts with banks that lock in a price ahead of time. Hedging has saved some transit agencies millions of dollars as diesel prices have risen to over $6 a gallon. While it provides cost certainty, the practice can also backfire when prices go down. (Governing)
  • Suspending gas taxes only saves drivers a few dollars per fill-up, while also draining transportation funds that lawmakers will likely refill with money meant for education or health care. (Reason)
  • Brandon Donnelly says it’s impossible to build a major global city like Houston, Toronto or Dubai around cars; congestion is inevitable no matter how wide the roads are.
  • Infrastructure improvements like bikeshares often lead to at least the perception of gentrification among Philadelphia residents, according to Penn researchers. (Daily Pennsylvanian)
  • A Washington state court ruled against an anti-bike lane group’s effort to have a referendum on the Vancouver complete streets program. (The Columbian; paywall)
  • Jersey City is “hardening” 17 high-crash intersections with speed humps and barriers that force drivers to slow down and make tighter turns. (Hudson County View)
  • The L.A. Metro broke ground on a new light rail line in the San Fernando Valley. (Trains)
  • Miami’s Underline, a linear park underneath elevated rail tracks, is an example of how transit infrastructure can serve multiple purposes. (Urban Institute)
  • One Axios Pittsburgh writer is quite enamored with the Amtrak ride to New York City.
  • Welcome to the war on cars, Bow Mar, Colorado. (New York Times)
  • The Baltimore Streetcar Museum is moving to a historic railway roundhouse. (WBAL)
Photo of Blake Aued
Blake Aued has been doing Streetsblog's daily national news digest for years. He's also an Atlanta Braves fan, which enrages his editor in New York.

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