Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

US driving hits new record in 2023, topping pre-COVID levels

Published 2024-02-08, 09:30 a/m
© Reuters. Vehicles are seen departing the Burning Man festival in Black Rock City, Nevada, U.S., September 4, 2023. REUTERS/Matt Mills McKnight

By David Shepardson

WASHINGTON (Reuters) -Travel on U.S. roads in 2023 rose 2.1% to 3.263 trillion miles setting a new yearly record and topping pre-COVID 19 levels for the first time, the Transportation Department said Thursday.

Road travel overall last year was up 67.5 billion miles and up by 2.2% in December, according to preliminary data. In 2019, U.S. motorists logged 3.261 trillion miles for the year. U.S. driving sharply declined after COVID-19 lockdowns were imposed in early 2020 as many people worked from home.

The increase in driving comes as more Americans are returning to offices for work as businesses and federal agencies push workers to return.

Driving was also boosted by lower retail gasoline prices in 2023. U.S. retail gasoline prices last year averaged $0.43 per gallon less than in 2022, according to the U.S. Energy Department.

The U.S. retail price for regular-grade gasoline averaged $3.52 per gallon in last year as a result of lower crude oil prices in 2023 compared with 2022.

For 2020, driving fell 11% to 2.9 trillion miles, the lowest yearly total since 2003, but then rose 8% in 2021 to 3.14 trillion miles.

© Reuters. A view of cars and other vehicles in traffic on Brickell Avenue in Miami, Florida, February 23, 2023. REUTERS/Marco Bello

U.S. road deaths rose sharply after the COVID pandemic but have started to decline. Traffic deaths fell 4.5% in the first nine months of the year to 30,435.

U.S. traffic deaths jumped 10.5% in 2021 to 42,915, the highest number killed on American roads in a year since 2005. As U.S. roads became less crowded during the pandemic, some motorists perceived police as less likely to issue tickets, experts said, likely resulting in riskier behavior on the roads, according to the National Highway Traffic Safety Administration.

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.