Driving in the US just hit an all-time high — after years of stagnation

Ever since 2008, driving in the United States has stagnated, leading some observers to wonder if we've finally hit "peak car."

Well, turns out we haven't hit peak car quite yet. Over at Calculated Risk, Bill McBride points out that driving in the United States surged over the past year — and the 12-month rolling average hit an all-time high in May:

(Calculated Risk/Department of Transportation)

More specifically, vehicle travel on all roads and streets was up 2.7 percent in May 2015...

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