Sure there is. The longer the yellow light, the more time people have to decide whether or not to run through it.
4 seconds at 30 MPH (44FPS) is 44*4 = 176 feet.
That's enough for an F150 to stop from 55.
Sure, in inclement weather, it's harder to stop, but you shouldn't be driving as fast, either. The fact is, the law says that when the light turns yellow, your best bet is to slow down and stop. If you can't stop before the light turns red, you'll be in the "safe zone" anyway by the time it does.
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