The question is economic for two principal reasons:
A) The real cost of energy is increasing due to increasing worldwide demand of a finite resource (oil)*and the interaction between all forms of energy- i.e., as the cost of oil goes up, so does coal, uranium, natural gas (long term), etc.
B) Each of us, as Bunt correctly pointed out, employees the "time-value-cost" of money where we make decisions based upon cost versus time, with the framework of the greater economy.
Regarding A):
We cannot expect cheaper transportation infrastructural costs. Cost of steel, copper, asphalt, and, cement, in terms of both real costs and in terms of the availability of money and real costs will continue to trend upward, due to worldwide demands.
This is due simply to how energy is involved in mineral extraction, refining, manufacturing, and, transportation, whose costs are directly related to the price of energy.
Now apply this to the highway grid and transportation.
1) On a practical level, the costs of new cars will continue to increase (stripping out safety features and anti-pollution features will only delay the increase.)
2) The road network will be less and less maintained, with repair increasingly going to arterials.
3) The number major improvements such as widening freeways will decline due to both absolute cost and the availability of money.
4) Due to the ripple effects of the costs of materials and energy, combined with declines in income for the bulk of the population that indirectly result, people will drive less.
However, the rate of decline in the road grid will very likely be faster than the rate of the decline in the number of road miles driven, so the long term effect is that the state of the road network will decline faster than the traffic load.
Consequently, traffic loads will increase, and commute times will continue to go up over a smaller and smaller portion of the road network.
Concerning B)
1) As the real income for the bulk of the population continues to fall (the steady state approach uses the wrong CPI), people's time value cost of money equation will change in response. As the value of people's time drops, and, the cost continues to rise people will be ever more willing to spend more time earning money, traveling to work, etc., while spending less money for that travel.
2) The amount of money spent for transportation interacts directly with the amount of money provided through employment, as well as the time spent at work. For example, if one earns $50,000/year working 8 hours per day, one will be more willing to spend more time on transportation than if the same person makes $50,000 year and works 14 hours per day. Likewise, if one earns $40,000/year for an 8 hour per day job, one would likely be willing to spend more time commuting than if the same person made $50k/year on an 8 hour per day job.
These two sets of variables interact.
One last observation:
Almost all the light rail and commuter rail systems built in the US between 1945 and 2013 were DESIGNED, approved, and, built (or being built) without acting upon the scenario that a significant part of a city and/or metro area might be FORCED to use them, for purely economic reasons. Consequently, systems have not been designed for high average speed, and, functionality. Whether this has been due to a lack of foresight or not is immaterial to the reality that the vast majority** of such systems are not INTENDED to move masses of people, but, to develop property and to boost city images.
* World production of soft oil peaked in 2005.
**The two exceptions are BART and the Washington DC subway system.