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U.S. motorists drove 11% fewer miles in July than a year earlier: DOT

Published 09/22/2020, 09:58 AM
Updated 09/22/2020, 10:00 AM
© Reuters. The outbreak of the coronavirus disease (COVID-19) continues in Maryland

(Reuters) - U.S. motorists drove 262.4 billion vehicle miles in July, 33.2 billion vehicle miles fewer than the same month a year earlier, as government lockdowns to stop the spread of coronavirus kept drivers home, according to a monthly report from the U.S. Department of Transportation (DOT).

The biggest year-over-year declines were in the Northeast at 15.4% and the South Atlantic at 11.3%.

© Reuters. The outbreak of the coronavirus disease (COVID-19) continues in Maryland

U.S. driving data is closely watched by oil market participants because gasoline consumption is a key driver of oil prices.

 

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