May 24, 2019 / 1:47 PM / 2 months ago

Motorists traveled 0.3 percent more miles on U.S. roads in March - DOT

NEW YORK, May 24 (Reuters) - * Motorists drove 0.3 % more miles on U.S. roads and highways in March versus last year, according to figures released on Friday by the U.S. Department of Transportation.

* Travel for March is estimated to be 270.2 billion vehicle miles, DOT said, down from 269.2 billion miles last year.

* Nearly 43 million motorists will hit the roads this Memorial Day weekend, the second-highest travel volume on record since motorists advocacy group AAA began tracking holiday travel volumes dating back to 2000.

* Motorists drove 0.4 percent more miles on U.S. roads and highways in 2018 versus 2017, marking the seventh consecutive year-over-year increase, DOT says.

*Cumulative travel for 2019 is up 0.5 percent, or 3.6 billion miles, versus last year, DOT says.

* Cumulative travel for 2018 was 3.22 trillion miles, up 0.4 percent, or 12.2 billion miles, DOT said.

* U.S. motor travel is closely watched by traders since the U.S. accounts for roughly 10 percent of global oil demand. (Reporting By Jarrett Renshaw Editing by Chizu Nomiyama)

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