Expensive Gas Easing City's Traffic

Mayor Bloomberg’s ambitious congestion pricing plan may be toast (or Governor Paterson may bring it back from the dead) but it seems that skyrocketing gas prices are succeeded where Hizzoner failed. The Times is reporting that traffic on the city’s bridges and tunnels dropped 4.7 percent in June, compared to the same time last year. Meanwhile, subway, bus, bicycle and commuter rail ridership has surged. A transportaion consultant predicts that “if we start eclipsing $5 a gallon, which we might over the summer, I think we might get very close,” to reducing traffic in Manhattan by 6.3 percent, which was the goal for Bloomberg’s congestion pricing plan. Go peak oil!