Friday, May 23, 2008

Highway miles driven in March fell 4.3 percent from a year earlier

Americans are driving less according to the Department of Transportation:
In a sign that Americans are curbing their driving in the face of record-high gasoline prices, data released on Friday showed highway miles driven in March fell 4.3 percent from a year earlier, the first March decline since the last major oil shock in the late 1970s.
According to the Department of Transportation, Americans drove 11 billion miles less in March 2008 than a year earlier, the first time estimated travel on public roads fell in March since 1979.
The data marks the sharpest year-on-year drop for any month in the history of the agency's reporting, which dates back to 1942.


source: March driving down for 1st time since 1979: government
By Chris Baltimore, Reuters, Fri May 23
http://news.yahoo.com/s/nm/20080523/us_nm/usa_driving_data_dc

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