Wednesday, August 13, 2008

American Driving Reaches Eighth Month of Steady Decline topping the 1970s' total decline

This is a good example of simple supply/demand economics. Demand drops prices drop.
clipped from
New data released today by the U.S. Department of Transportation show that, since last November, Americans have driven 53.2 billion miles less than they did over the same period a year earlier – topping the 1970s' total decline of 49.3 billion miles.
Americans drove 4.7 percent less, or 12.2 billion miles fewer, in June 2008 than June 2007.

To review the FHWA's "Traffic Volume Trends" reports, including that of June 2008, visit

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