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Monday, March 27, 2023

DOT: Vehicle Miles Driven Increased 5.6% year-over-year in January

by Calculated Risk on 3/27/2023 02:42:00 PM

This is something I check occasionally.

The Department of Transportation (DOT) reported:

Travel on all roads and streets changed by +5.6% (+13.2 billion vehicle miles) for January 2023 as compared with January 2022. Travel for the month is estimated to be 247.3 billion vehicle miles.

The seasonally adjusted vehicle miles traveled for January 2023 is 272.5 billion miles, a 4.5% (11.6 billion vehicle miles) change over January 2022. It also represents a 3.1% change (8.1 billion vehicle miles) compared with December 2022.
emphasis added
Vehicle Miles Click on graph for larger image.

This graph shows the monthly total vehicle miles driven, seasonally adjusted.

Miles driven declined sharply in March 2020, and really collapsed in April 2020.  After recovering, miles driven were softer early in 2022 due to higher gasoline prices but have increased since gasoline prices are now down sharply year-over-year.