Time is a cost though. You're looking only at monetary cost.
Where it gets to be a problem is when instead of spending 40 minutes to get somewhere because of time stuck in traffic many people become priced out of driving and now have to spend 1.5 hours on public transportation to make the same trip. The cost of wasted time in this specific case might not be as extreme, but as more public roads are paywalled off around the country I expect we'll see more people forced to use inadequate public transportation suffer.
These artificial price distortions wind up most benefiting the people who were in the best position to alter their behavior.