Traffic Data

traffic

Per American Enterprise Institute, traffic volume data recently released by the Federal Highway Administration through August indicate that Americans have been driving at record levels lately. For the month of August, total travel on all US roads and streets was estimated to be 277.3 billion miles, which was 2.3% above August 2014, and established a new all-time record high for travel volume during the month of August. The moving 12-month total for traffic volume on all roads and streets was 3.11 trillion miles through August 2015, which also established a new record high (see chart above). Compared to August of last year, the moving 12-month total increased 3.3%, which is the largest annual increase in that measure of traffic volume since 2000. The all-time record highs for traffic volume though August likely reflect both low gas prices and a gradually improving economy.

Advertisements

About Scott

Live next to Chevron refinery. Lots of petroleum consultants in the area. I am interested in learning more about the industry. Also, interested in finance, business, and investing in world markets.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s