InsuranceHeadline.com Home Headline Home Searh Insurance Directory Listings by State, City Zip Code or Detailed Keyword Search! Search News  Company Index  Add Your Listings to The Insurance Phone Book! Advertise Manage Insurance Phone Book Directory ListingsEditor Login

Insurance Headlines - Insurance Headlines.com is the premier online news source that insurance & financial professional rely on - making Insurance Headlines.com the top choice for syndicating news on the world wide web.

Headline News | Life & Health | Property & Casualty | Financial & Investments | Banks & Thrifts | Syndicate News

1
Home L&H P&C F&I Post Feeds RSS Search
 


 Free Insurance & Financial Headline Newsletters - Subscribe Today!

Choose Newsletters

Daily Headlines

Weekly Headlines

Product Promo's

Job Offers

Enter Your E-mail

Advertising Options

Post Press Releases

Post Insurance Articles

Online Advertising

Newsletter Advertising

Company Sponsors

Resources

Insurance Newsletters

Company News & Stocks

Syndicate News

InsHeadlines on Twitter

Industry Links

Archive
Su Mo Tu We Th Fr Sa
 1  2
 3  4  5  6  7  8  9
 10  11  12  13  14  15  16
 17  18  19  20  21  22  23
 24  25  26  27  28  29  30
 31

1



Email to a friend | Print this | PDF version
See your advertisement here
American Driving Reaches Eighth Month of Steady Decline

 by NAMIC
 Aug 15,2008

Share |

New data released Aug. 13 by the U.S. Department of Transportation show that since last November Americans have driven 53.2 billion miles less than they did over the same period a year earlier – topping the 1970s’ total decline of 49.3 billion miles.

“We can’t afford to continue pinning our transportation network’s future to the gas tax,” said U.S. Transportation Secretary Mary E. Peters. “Advances in higher fuel efficiency vehicles and alternative fuels are making the gas tax an even less sustainable support for funding roads, bridges, and transit systems.”

Americans drove 4.7 percent less, or 12.2 billion fewer miles, in June 2008 than in June 2007. The decline is most evident in rural travel, which has fallen by 4 percent – compared to the 1.2 percent decline in urban miles traveled – since the trend began last November.

Last month, Peters unveiled the USDOT’s transportation reform plan, which offers lawmakers several options to consider when Congress takes up highway and transit legislation next year. “It really makes little sense to try to upgrade our infrastructure using a revenue source as ineffective, unsustainable, and unpopular as the fuel tax,” she said.

“Secretary Peters’ plan to overhaul our nation’s transportation investment strategy begins the much-needed transition away from status quo solutions that produce status quo results. Her plan strengthens the abilities of state and local officials to integrate effective transit and highway solutions to meet Americans’ ever-changing travel demands,” said Acting Federal Highway Administrator Jim Ray.

As Americans drive fewer miles, less revenue is generated for the Highway Trust Fund from gasoline and diesel sales – 18.4 cents per gallon and 24.4 cents per gallon, respectively. During the first quarter of 2008, motorists consumed nearly 400 million fewer gallons of gasoline – about 1.3 percent less – and 318 million fewer gallons of diesel – about 7 percent less – than during the same period in 2007.

Source: U.S. Department of Transportation

----------------------------------------------------------------------------------------

© Copyright 2007, National Association of Mutual Insurance Companies (NAMIC).



Share |

Did you enjoy this article? (total 0 votes)
Related news

Crash deaths are down; change in drivers' habits may be a factor by CNN.com posted on Feb 18,2009
U.S. Secretary of Transportation Mary E. Peters Announces New Data Showing Record Low Highway Fatalities by NAMIC posted on Feb 11,2009
U.S. Secretary of Transportation Mary E. Peters Announces New Data Showing Record Low Highway Fatalities by NAMIC posted on Feb 12,2009
Americans to Drive 125 Billion Fewer Miles, According to Analytics Firm Quality Planning by NAMIC posted on Aug 08,2008
Traffic deaths down in 42 states by USATODAY.com posted on Feb 06,2009
Absent major catastrophe, outlook steady by BusinessInsurance.com posted on Oct 27,2009
Aon Benfield predicts steady reinsurance prices by BusinessInsurance.com posted on Jan 12,2009
After Nearly 3 Years of Steady Growth, U.S. Venture Investment Pulls Back 7% in 1st Quarter to $6.84 Billion by PR-Newswire posted on Apr 20,2008
MassMutual's Emerald Financial Resources Reaches $2 Billion in Life Insurance Coverage in Force by Yahoo-Finance posted on Nov 20,2006
MassMutual's Emerald Financial Resources Reaches $2 Billion in Life Insurance Coverage in Force by Yahoo-Finance posted on Nov 20,2006

Comments (0 posted) 


Headline Sponsors


Sponsor

Insurance Headlines - Insurance Headlines.com is the premier online news source that insurance & financial professional rely on - making Insurance Headlines.com the top choice for syndicating news on the world wide web.

Copyright© 2005-2010 Insurance Syndication, LLC

Powered by: InsuranceHeadlines.com - InsurancePhonebook.com

Top Insurance News - Follow InsHeadlines on Twitter

Follow Insurance Headlines on Twitter and Share Insurance Industry News

About Us | Privacy Policy | Terms & Conditions | Insurance Newsletters | Free News Feeds | Advertise | Company Sponsors | Insurance RSS | Industry Links