NEW YORK (Reuters) – U.S. motorists drove 259 billion vehicle miles in October, down by 25 billion miles, or 8.8% from a year earlier, according to a monthly report from the Department of Transportation.
The drop was larger than the 8.6% year on year decline seen in September. In 2020, total miles driven have fallen as the coronavirus pandemic and related business and school shutdowns curbed demand for driving.
The metrics are an indicator of gasoline and diesel fuel consumption.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
by : Reuters