Americans Dial Back Driving Distances Again
The total distance driven in the U.S. in the first half of 2013 slipped 0.1% to an estimated 1.46 trillion miles, according to the Federal Highway Administration.
#economics
The total distance driven in the U.S. in the first half of 2013 slipped 0.1% to an estimated 1.46 trillion miles, according to the Federal Highway Administration.
The agency reports that that cumulative miles driven rose steadily from about 2.1 trillion miles in 1990 to a peak of 3.01 trillion miles in 2007.
Cumulative miles fell to about 2.95 trillion in 2010, inched up to 2.96 trillion in 2011-2012 but are expected to return to 2.95 trillion this year.
Analysts attribute the stagnation to high fuel prices, slow economic growth and lingering high unemployment.
About 44% of all miles driven occur on interstate highways. Major urban surface arteries account for 35%.
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