by Calculated Risk on 7/09/2020 01:58:00 PM
The Department of Transportation (DOT) reported:
Travel on all roads and streets changed by -25.5% (-72.9 billion vehicle miles) for May 2020 as compared with May 2019. Travel for the month is estimated to be 213.2 billion vehicle miles.
The seasonally adjusted vehicle miles traveled for May 2020 is 199.8 billion miles, a -26.1% (-70.6 billion vehicle miles) decline from May 2019. It also represents 24.1% increase (38.8 billion vehicle miles) compared with April 2020.
Cumulative Travel for 2020 changed by -17.3% (-227.2 billion vehicle miles). The cumulative estimate for the year is 1,087.0 billion vehicle miles of travel.
This graph shows the rolling 12 month total vehicle miles driven to remove the seasonal factors.
Miles driven declined during the great recession, and the rolling 12 months stayed below the previous peak for a record 85 months.
Miles driven declined sharply in March, and really collapsed in April. Miles driven rebounded in May, but is still down 26% YoY.
Miles driven were down 26.1% year-over-year in May.