Public Transportation Investment: Spurring Local Economies and Preparing for Higher Gas Prices
Channel: eesionline
Date: 15/03/2012

On March 13, 2012, the Environmental and Energy Study Institute (EESI) hosted a briefing on the regional economic impacts of public transportation systems and on the country's increasing reliance on transit systems as fuel prices rise. The current national average for gasoline is $3.76 a gallon and climbing. As fuel costs become prohibitive, individuals increasingly seek out transportation alternatives. Past experience has shown that rising fuel prices has a direct correlation in attracting additional transit riders. The American Public Transportation Association (APTA) will soon release an updated analysis to show this relationship, and will provide observations.