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DOT: Vehicle Miles Driven increased in November

By Anonymous

The Department of Transportation (DOT) reported that vehicle miles driven in November were up 1.1% compared to November 2009:

Travel on all roads and streets changed by 1.1% (2.6 billion vehicle miles) for November 2010 as compared with November 2009. Travel for the month is estimated to be 241.8 billion vehicle miles.

Cumulative Travel for 2010 changed by 0.7% (19.0 billion vehicle miles).

Click on graph for larger image in new window.

This graph shows the rolling 12 month total vehicle miles driven.

On a rolling 12 month basis, vehicle miles driven have only increased 1.2% from the bottom of the recession.

Miles driven are still 1.3% below the peak in 2007. This is another indicator of a sluggish recovery.

Note: in the early '80s, miles driven (rolling 12 months) stayed below the previous peak for 39 months. Currently miles driven has been below the previous peak for 36 months - another record that will be broken soon.

Full post as published by Calculated Risk on January 24, 2011 (boomark / email).