Keith Laing of The Hill breaks the news that two influential Republican U.S. Senators predict that the federal gas tax is on its "last legs." It will be replaced with an (unnamed) user fee when the current transportation funding bill expires May 31.
Back in September, we reported that the trust fund had to receive an $8 billion bailout. Reuters reports that a second bailout is required to prevent the fund from going broke by August. Sen. Boxer indicates she supports indexing the gas tax.