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May 8, 2021 9:45 AM
Bev O'Shea, NerdWallet
Posted:
Updated:
Thanakorn.P // Shutterstock
The coronavirus pandemic has curbed Americans' love for the road, keeping many people at home in the past year and cutting into sales at the fuel pump.
That has meant a backlog in work funded by gasoline taxes. More than $8.5 billion worth of highway work and other infrastructure projects across the United States have been canceled or halted temporarily, the American Road and Transportation Builders Association told the Washington Post. Even before the pandemic, many states’ highway funds were becoming depleted, failing to keep up with construction and repair demands. A study completed in 2020 by accounting firm KPMG predicts that miles traveled will remain at about 90% of pre-2020 levels.