10/01/2024

Motus: Monthly Fuel and Mileage Trends for July 2024

Source: Fleet Management Weekly

Steady as she goes: July’s fuel prices dipped a touch below last month’s, holding at $3.41 nationally. Taking a break: The South’s high mileage streak has cooled off along with all U.S. regions due to holidays and summer vacations.   

Data from Motus shows that national fuel prices stayed near consistent at $3.43 in July compared to 3.46 June, and was lower than last year in July 2023 when it was at $3.60. Looking regionally, fuel prices in July were highest in the western US at $4.14 and lowest in the Southern US at $3.18. When looking at July mileage trends by region in the US, the south has vastly more miles driven at 101.6M compared to 57.65M in the Midwest, 44.3M in the West, and 30.69M in the Northeast.

Key data points: 

• Fuel trends
  • July 2024 national fuel price: $3.43
  • June 2024: $3.46
  • July 2023: $3.60
  • 2022 average fuel price: $3.99

• Mileage trends
  • July mileage in the South was 101.6M compared to 57.65M in the Midwest, 44.3M in the West, and 30.69M in the Northeast
  • June mileage in the South was 113.38M compared to 65.27M in the Midwest, 50.87M in the West, and 36.54M in the Northeast