Wednesday, March 9, 2011
Rising Gas Prices Result in Highest Transit Savings in Two Years
The American Public Transportation Association's (APTA's) latest Transit Savings Report (released monthly) examines how an individual in a two-person household can save money by taking public transportation and living with one less car. Gas prices increased 28 cents a gallon in the last 10 days and are expected to continue rising. As a result, people who ride public transportation save, on average, $9,904 annually, and $825 per month. These results, based on the March 4 average national gas price and the national unreserved monthly parking rate, show the highest savings for public transit riders in two years.