By Mark Holan, editorial director, ARTBA
American drivers continue to buy motor fuel nearly as fast as they can pump it.
Fuel sales increased 2.9 percent for the period January through November 2015, compared to the same period in 2014, according to the latest data from the Federal Highway Administration (FHWA). Eleven-month sales from November 2013 to November 2014 grew by 1 percent.
The November 2015 fuel sales data, released earlier this month, mirrors similar trends in increased vehicle miles traveled and more robust employment. Fuel sales, mileage and jobs all declined during the Great Recession.
In the latest FHWA report, drivers in the nation’s South-Atlantic, South-Gulf and Western regions continued to pace the fuel sale resurgence.
Taxes on gasoline and diesel fuel sales pump revenue into the federal Highway Trust Fund (HTF) and state transportation department budgets to pay for highway, bridge and public transit construction and maintenance.