Urban economist Joe Cortright examines the connection between gas prices and driving in the U.S. over the last two decades. Prices matter: increased gas prices results in decreased driving, providing the prices persist for the long-term.
Americans have increased their driving every year since 2011, and the first six months of 2017 were no different, increasing 1.6 percent compared to last year, according to data released Tuesday by the Federal Highway Administration.
Americans preference to travel in their own personal vehicles shows no signs of abating, reflected by May mileage data, the most recent compiled by the Federal Highway Administration, indicating a 2.2 percent increase compared with May 2016.
So much for the 2015 record of 3.148 trillion miles. Last year saw a cumulative travel increase of 2.8 percent to 3.218 trillion miles, setting a new record as cheap gas contributed to increased driving.
New data released by the Federal Highway Administration shows that vehicle mile traveled increased three percent for the first nine months of 2016 compared to the same period last year. Driving has increased continuously since April 2014.
New driving totals are out for June and and the first six months of 2016, and the news is not good for those who want to see a reduction in what is now the greatest source of the nation's greenhouse gas emissions.
Yes, gas prices are both lowest and highest. When compared to past Memorial Day weekends, it's the lowest since 2005, and by no coincidence the highest amount of travelers will take to the roads since the same year. Guess what that is doing to VMT?
Last year the U.S. Department of Transportation reported an increase of 3.3 percent in miles-traveled. During that same period, use of toll facilities, i.e., where motorists elect to pay to drive, increased 7.7 percent according to a new analysis.
New figures from the Federal Highway Administration show no abatement in increasing vehicle miles traveled (VMT). While low oil prices have been beneficial for the environment on the production end, it is wreaking havoc on the consumption side.