Even though gas prices were down from the historic highs in June, the traffic decline in July increased compared to 2021 and 2019.
For the second month in a row, traffic volume was down in July compared to the previous year. Of concern, the rate of decline was higher than in June and was also below the pre-pandemic level in July 2019. Travel volume in July, however, increased on a month-over-month basis on the positive impact during the summer vacation season. On a seasonally adjusted basis, that takes into account the typical monthly variation in traffic, July was also below
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