Free Trial

US Vehicle Miles Up in May but Still Below 2019

OIL PRODUCTS

US seasonally adjusted vehicle miles travelled (VMT) rose +830m miles in May22 to 271.3bn miles.

  • VMT has been in gradual decline since a peak of 275.4bn miles October 2021 and is just below 2019 pre-pandemic levels.

Source: Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.