Tuesday, July 26, 2011

Vehicle Miles Driven And the Ongoing Economic Contraction

Amplify’d from advisorperspectives.com

The Depart of Transportation's Federal Highway Commission has released the latest report on Traffic Volume Trends (PDF format), data through May. The lead observation is that travel on all roads and streets declined by -1.9% (-5.0 billion vehicle miles) for May 2011 as compared with May 2010.

Here is a chart that illustrates this data series from its inception in 1970. I'm plotting the "Moving 12-Month Total on ALL Roads," as the DOT terms it. See Figure 1 in the PDF report, which charts the data from 1986. My start date is 1971 because I'm encorporating all the available data from the DOT spreadsheets (see link).

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