Bus

APTA: Transit users save $10,230 annually

Posted on May 12, 2011

Reports of receding gas prices have yet to hit the pumps, fueling higher savings for individuals who ride public transportation, who, on average, save up to $10,230 annually and $853 per month, according to the American Public Transportation Association’s (APTA) Transit Savings Report.

The report bases these savings on the May 10, 2011 average national gas price ($3.95 per gallon-reported by AAA) and the national unreserved monthly parking rate.

Since last month gas prices rose another 14 cents, allowing transit riders to save an additional $10 this month. Gas prices have risen nearly $1 since the beginning of 2011, making annual transit saving $115 higher this month, compared to last. 

“Americans need relief from current high gas prices and increasing transportation costs,” said APTA President William Millar. “And, riding public transit is a sure way to lower costs without sacrificing mobility or access.”

The national average for a monthly unreserved parking space in a downtown business district is $161.56, according to the 2010 Colliers International Parking Rate Study. Over the course of a year, parking costs for a vehicle can amount to an average of $1,939.

View comments or post a comment on this story. (0 Comments)

More News

Bridj to launch D.C. service

While Founder Matt George is interested in connecting Capitol Hill, K Street and Dupont Circle, it’s not yet clear if those will be the neighborhoods Bridj starts with. The start-up is encouraging interested customers to request specific routes on its website

New Flyer wins N.Y. CNG bus contract

The contract for 110 XN40 buses contains a firm order for 52 buses with options for an additional 58 buses and is valued at approximately $53 million dollars.

CCW to provide Iowa with rebuilt artics

Des Moines Area Regional Transit's 60-foot low floor articulated buses will replace high-floor buses and include newly installed ramps, remanufactured power trains, transmissions, engines and brakes. It will also be equipped with two ADA compliant wheelchair lifts.

Texas' Capital Metro adds real-time information to bus fleet

The agency rolled out real-time data on MetroRapid and MetroRail last year, receiving strong positive feedback from customers.

AC Transit piloting Alexander Dennis double-deck bus

The 80-seat coach, offering its riders comfy excursions with spectacular views — particularly to and from San Francisco — made its first cruise on the Line U, from Fremont to Stanford University, before being deployed on other daily routes.

See More News

Post a Comment

Post Comment

Comments (0)

Please sign in or register to .    Close