January 2023 was a good month for travel on the nation’s highways as Vehicle Miles Traveled rose.
Let’s take a look at the latest trends in fuel prices and vehicle miles traveled to see if things have stabilized.
When measured by the 12-month moving average of VMT, June’s numbers were down 0.2% compared to May.
There is never a shortage of economic data to study.
AAA predicts 47.9 million people will travel 50 miles or more from home over the holiday weekend (June 30-July 4).
Travel for January through March 2022 shows a 5.6% increase over 2021.
In this article we will look at public and private sources of Vehicle Miles Traveled (VMT) estimates and look at the trends.
Vehicle Miles Traveled is up 7.9% compared to September 2020.
Vehicle Miles Traveled (VMT) in August 2021 was up a solid 8.3% compared to August 2020.
Relative to previous years, VMT for the two-week period around July 4, 2021, was higher than for the same time period in 2019 and 2020.
It’s still not a full recovery, but it’s looking positive.