NEW YORK Feb 21 Motorists drove a record 3.22
trillion miles (5.2 trillion km) on U.S. roads last year, a 2.8
percent rise from 2015 and the fifth consecutive year of
year-over-year increases, according to the U.S. Department of
Transportation on Tuesday.
Motorists logged 263.6 billion miles on U.S roads in
December , a 0.5 percent increase over the previous December,
the DOT data showed.
Vehicle miles traveled are closely watched by energy
analysts and traders, as its a good indicator of gasoline demand
in a country that accounts for 10 percent of global gasoline
U.S. gasoline demand for 2016 is expected to be at record
levels when the U.S. Energy Information Administration releases
new data later this year.
U.S. gasoline demand is showing signs of weakness early in
2017, stoking fears that it could hamper the recovery of global
crude oil prices.
(Reporting By Jarrett Renshaw; Editing by Marguerita Choy)