A few days ago we reported on coverage in the Oregonian about the Oregon Transportation Plan update.
We got the full dog and pony show at TPAC last Friday, and want to point out a few things of note.
First, for opportunities to see the plan presentation, and to learn how to provide comment, visit the outreach page.
We were also interested to note that a sensitivity analysis was conducted for high fuel prices ($5/gallon gas, I believe). It’s buried in the technical appendices (PDF, 788K) on page G-5:
Increasing fuel prices would dampen economic activity in Oregon. Growth in
employment and gross state product would slow for the state overall. The Portland region
would be less affected than other regions due to its large size and more compact
development pattern. The further an area is from the major trade hub of Portland, the
more high fuel prices would lead to economic concentration and isolation. A rapid fuel
price increase could have significant impacts on choice of mode for both passengers and
freight, with more passengers choosing, for example, public transportation and more
freight moving to rail.
The conclusion was that businesses would likely locate closer to their markets and that generally it would be pretty bad for the overall economy. But the suggestion was that it would not greatly impact statewide transportation facilities. Hmmm…