U.S. drivers drove 11 billion fewer miles in March, reported the Federal Highway Administration on Friday.
11 billion… with a “B.” That’s about 440,000 trips around Earth’s equator… roughly two round trips from Earth to Neptune… pretty serious cutback.
Measured year over year, the March report is the biggest annual drop since the FHWA started keeping track in 1942.
In percentage terms, American’s drove 4.3% less in March than during the same time last year. That’s the first time since 1979 they drove less from one March to the next.
And according to MasterCard, gasoline sales were down 7% compared to the week leading up to Memorial Day in 2007. Hmmm… wonder why?
Retail gasoline struck a national average of $3.93 this morning, yet another record high. Gas is up 20 days in a row now, and 11 states feature average prices above $4 a gallon.
11 billion… with a “B.” That’s about 440,000 trips around Earth’s equator… roughly two round trips from Earth to Neptune… pretty serious cutback.
Measured year over year, the March report is the biggest annual drop since the FHWA started keeping track in 1942.
In percentage terms, American’s drove 4.3% less in March than during the same time last year. That’s the first time since 1979 they drove less from one March to the next.
And according to MasterCard, gasoline sales were down 7% compared to the week leading up to Memorial Day in 2007. Hmmm… wonder why?
Retail gasoline struck a national average of $3.93 this morning, yet another record high. Gas is up 20 days in a row now, and 11 states feature average prices above $4 a gallon.
No comments:
Post a Comment