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Driving continues to decline even as gas prices drop
Drivers clocked 9 billion fewer miles on the nation's roads in October even while gas prices were dropping, suggesting a downturn in driving that began a year ago is attributable to more than just energy costs.Federal Highway Administration data released today show the number of miles driven dropped 3.5 percent in October compared with the same month a year ago. Between November 2007, when the driving decline began, and October, Americans drove 100 billion fewer miles. That's the largest continuous decline in driving the nation has experienced. Gas prices averaged $3.15 a gallon in October, down from a high of $4.09 in July, according to the Energy Information Administration. Posted by: Fred 2008-12-13 |
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