Monday, January 18, 2010

Savings From Using Public Transit Increases

This study from the American Public Transportation Association bases the savings on the full cost of owning an auto, not the marginal cost.

Riding Public Transit Saves Individuals $9,242 Annually  

Transit riders now save $600 more per year compared to last year at this time as the cost of gas has increased nearly $1 per gallon

Washington, DC – Individuals who ride public transportation can save on average $9,242 annually based on the January 11, 2010 national average gas price and the national unreserved monthly parking rate.  Compared to last year at this time, the average cost per gallon of gas was $1.79 which is nearly $1 less than the current price of gas at $2.75 per gallon.  This increase in cost equates to an additional $600 in savings per year for transit commuters as compared to last year’s savings amount at this same time.

“The Transit Savings Report” released monthly by the American Public Transportation Association (APTA) calculates the average annual and monthly savings for public transit users.  The report examines how an individual in a two-person household can save money by taking public transportation and living with one less car.

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