by Calculated Risk on 11/29/2010 05:49:00 PM
Monday, November 29, 2010
DOT: Vehicle miles driven increased in September
The Department of Transportation (DOT) reported that vehicle miles driven in September were up 1.5% compared to September 2009:
Travel on all roads and streets changed by +1.5% (3.7 billion vehicle miles) for September 2010 as compared with September 2009.
Cumulative Travel for 2010 changed by +0.5% (11.1 billion vehicle miles).
![Vehicle Miles](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVg7_CdCfcYKYidQS_wp0PGVsBJw15FOdn1sGe3_IVpN1KeJw7FUgx27njY6L3v6SREHFx411No3LHWeMg3uVHq6JKlGX3ik9UQqA_4yXw0rz6iG4r_FexwBTd0XI0Giq4jWw7/s320/VehicleMilesSept2010.jpg)
This graph shows the rolling 12 month total vehicle miles driven.
On a rolling 12 month basis, vehicle miles driven have only increased slightly from the bottom of the recession.
Miles driven are still 1.6% below the peak in 2007. This is another indicator of a sluggish recovery. And this report was for September when oil prices were in the mid $70s per barrel. Oil prices moved up to the mid $80s today, and that might impact miles driven in December.