Ben has talked about this on the EM blog a couple of times already (
Gas Prices Taking Effect: 11 Billion Fewer Miles Driven This March and
Drivers Log 30 Billion Fewer Miles in US), but it looks like the trend is strengthening...
Via
GCC:
Quote:
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Travel on all roads and streets in the US dropped to an estimated 254.7 billion miles for May 2008—a decrease of 3.7% compared with May 2007, according to the US Federal Highway Administration (FHA). This was the seventh straight month of decline. Cumulative calendar year VMT through May 2008 is now down by 2.4% to 1,188.5 billion miles compared to the same period in 2007.
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(chart showing vehicle distance traveled by year, 1983-2008 - source Green Car Congress)
Full article:
Green Car Congress: US Vehicle Miles Traveled Dropped 3.7% in May; Largest May Drop Ever
