The Very Very High Price of Traffic in the US
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iStock/Thinkstock(NEW YORK) — You think traffic has gotten worse than it used to be? You’re absolutely right, according to a survey by the traffic data company INRIX.
But it’s not just time Americans are wasting sitting stuck on the roads, it’s money — a lot of money.
INRIX estimates that the annual and cumulative costs of congestion in the U.S. were a whopping $124 billion in 2013. That’s $1,700 per household in wasted time, gas and the higher price of goods because delivery trucks can’t arrive at their destinations when they’re supposed to.
Meanwhile, Los Angeles alone accounts for 20 percent of lost revenue because of gridlock.
INRIX also predicts things aren’t going to get better: the losses for 2030 due to traffic are projected at $186 billion.
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