U.S. traffic volumes are leveling off in a sign the previous stimulus from cheap gasoline prices is fading as pump prices rise. The volume of traffic on U.S. roads was down by almost 0.6 percent in April compared with the same month a year earlier, after seasonal adjustments, according to statistics released on Monday. Traffic volumes declined year-on-year for the first time since the first quarter of 2014, according to the Federal Highway Administration (“Traffic volume trends”, FHWA, July 2018). Volumes in any one month can be distorted by the timing of public holidays, the distribution of working days and weekends, and unusual weather patterns. But the rate of […]