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Cato Video • June 21, 2012 

# Randal O’Toole Discusses Refinancing Highways 

Amidst congressional debate over the future of federal surface transportation funding, one fact stands out: the gasoline tax is increasingly less viable as a source of highway user fees. Inflation, increasing fuel economy, and electric cars have eroded the amount drivers pay per mile by two-thirds since 1956, when Congress created the Interstate Highway System. What are the alternatives? What is the future of highway financing? 

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This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

[![Randall O'Toole](/sites/cato.org/files/styles/author_picture/public/2021-01/Randall%20O%27Toole.jpg?itok=zmLbyrhs)](/people/randal-otoole) 

##### [Randal O’Toole](/people/randal-otoole)

Former Senior Fellow, Cato Institute