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Updates on the second week of 2024.
Kentucky and Ohio expand traffic regulations.
In Kentucky, a legislative priority focuses on revising state lane change regulations. A proposed bill in the House aims to include Kentucky in the states extending lane change rules to cover all road users. Representative Mary Beth Imes sponsors HB19, seeking to broaden obligations for lane change or speed reduction when approaching any disabled vehicle displaying a warning signal.
The proposed bill would encompass any vehicle with warning signals, such as emergency flashing lights, flares, or retroreflective signs. Currently awaiting committee review, the legislation is poised to bring changes to Kentucky’s traffic regulations.
Meanwhile, Ohio contemplates a Senate bill to broaden traffic laws to include any stationary vehicle deemed in danger. The bill defines a vehicle in danger when the operator signals the condition through lit fuses, flares, red lights, reflectors, red flags, emergency signals, or hazard lights.
Failure to change lanes or proceed cautiously when approaching a stationary vehicle in danger could result in a misdemeanor. Drivers with other traffic infractions in the past year may face more severe charges. Senate Bill SB178, endorsed by Senator Steve Wilson, R-Maineville, is currently under consideration in Ohio’s Senate Transportation Committee.
Michigan reviews speed limit regulations.
As the new year begins, several states are reviewing speed limit regulations. Michigan’s HB4012 aims to rectify flaws in determining local road speed limits. The bill seeks to update the 85th percentile rule, providing the state flexibility to round down this speed when necessary.
The legislation would eliminate the requirement for an engineering and safety study to modify a speed limit, allowing it to be determined through traffic engineering practices providing an “objective analysis of road characteristics.” Additionally, it would permit setting a speed limit below the 85th percentile if a study demonstrated a safety risk not reflected by the 85th percentile speed. HB4012, introduced in the 2023 regular session, passed the House with a 100-10 vote in October and awaits Senate consideration during the second year of the two-year session extending until 2024.
Fuel price stability predicted by the EIA.
The latest short-term energy outlook from the Energy Information Administration (EIA) anticipates mostly stable crude oil prices and a decline in global consumption of liquid fuels. While coal and natural gas remain significant, there’s a rise in variable renewable resources such as solar and wind energy.
Regarding crude oil prices, the EIA forecasts an average of $82 per barrel in 2024, decreasing to $79 per barrel in 2025. Projected production growth surpassing demand is expected to accumulate inventories, putting downward pressure on prices.
Global liquid fuel production is projected to increase by 600,000 barrels per day in 2024 and 1.6 million barrels per day by 2025. Additionally, U.S. crude oil production is expected to reach record highs in 2024 and 2025, with forecasts of 13.2 million barrels per day this year and 13.4 million barrels per day in 2025, driven by improved well efficiency.
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