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.

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