Calculated Risk

Sunday Night Futures

Weekend:
Schedule for Week of November 23, 2025

Monday:
• At 8:30 AM ET, Chicago Fed National Activity Index for October. This is a composite index of other data.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for November.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 41 and DOW futures are up 215 (fair value).

Oil prices were down over the last week with WTI futures at $58.06 per barrel and Brent at $62.56 per barrel. A year ago, WTI was at $72, and Brent was at $76 - so WTI oil prices are down about 19% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.07 per gallon. A year ago, prices were at $3.04 per gallon, so gasoline prices are up $0.03 year-over-year.

DOT: Vehicle Miles Driven Increased 2.0% year-over-year

This is something I check occasionally.

The Department of Transportation (DOT) reported:
Travel on all roads and streets changed by +2.0% (+5.4 billion vehicle miles) for September 2025 as compared with September 2024. Travel for the month is estimated to be 278.3 billion vehicle miles.

The seasonally adjusted vehicle miles traveled for September 2025 is 277.1 billion miles, a +1.9% ( 5.0 billion vehicle miles) change over September 2024. It also represents a 0.2% change (0.6 billion vehicle miles) compared with August 2025.

Cumulative Travel for 2025 changed by +1.0% (+25.1 billion vehicle miles). The cumulative estimate for the year is 2,492.0 billion vehicle miles of travel.
emphasis added
Vehicle Miles Click on graph for larger image.

This graph shows the monthly total vehicle miles driven, seasonally adjusted.

Miles driven declined sharply in March 2020 and really collapsed in April 2020.  
Miles driven are now at pre-pandemic levels.

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