U.S. households are holding on to their vehicles longer

(Tue, 21 Aug 2018) The turnover of household vehicles has slowed since 2009, based on U.S. Department of Transportation surveys of household vehicle travel. The 2017 National Household Travel Survey (NHTS) reported that households held on to their cars, trucks, and vans longer. The average vehicle age has increased from 9.3 years in 2009 to 10.5 years in 2017, suggesting that many households have delayed the purchase of a new vehicle and continuing a trend of U.S. households operating vehicles longer.

The port district of Houston-Galveston became a net exporter of crude oil in April

(Mon, 20 Aug 2018) The U.S. port district of Houston-Galveston in Texas recently began exporting more crude oil than it imported for the first time on record. Crude oil exports from the Houston-Galveston port district have increased since the restrictions on U.S. crude oil exports were lifted at the end of 2015. In April 2018, crude oil exports from Houston-Galveston surpassed crude oil imports by 15,000 barrels per day (b/d). In May 2018, the difference between crude oil exports and imports increased substantially to 470,000 b/d.

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