Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

U.S. road travel rose 14.5% in June as motorists near pre-pandemic driving

Published 08/11/2021, 11:35 AM
Updated 08/11/2021, 01:06 PM
© Reuters. FILE PHOTO: Traffic is seen at the Lincoln Tunnel ahead of the July 4th holiday, in New York City, New York, U.S., July 2, 2021.  REUTERS/Eduardo Munoz

By David Shepardson

WASHINGTON (Reuters) -U.S. motorists drove 14.5% more miles in June as rural driving topped pre COVID-19 levels and more Americans return to offices and leisure trips.

The Federal Highway Administration said Wednesday motorists drove 282.5 billion miles in June, up 35.7 billion miles over June 2020 as overall travel was nearly back to pre-pandemic levels. In June 2019, U.S. motorists logged 284.5 billion miles.

For the first time since the pandemic began, rural driving surpassed pre-pandemic levels in June, while urban driving remains slightly below 2019 levels.

Rural driving averaged 2.97 billion miles per day in June, up from 2.93 billion per day in June 2019, while urban driving averaged 6.45 billion miles per day, just below the 6.55 billion miles per day in the same month in 2019.

For all of 2020, U.S. road travel fell 13.2% to 2.83 trillion miles, the lowest yearly total since 2001. The current 12-month moving average is 3 trillion miles.

The biggest jump in June was in the Northeast, where miles traveled was up 19.9%. It was up 17.5% in the West.

U.S. gasoline consumption is expected to average 8.8 million barrels per day (bpd) in 2021, up from 8 million bpd in 2020, the Energy Information Administration said.

Still, the EIA added U.S. gasoline consumption will remain below 2019 levels through 2022 due to the proliferation of people working from home.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.