The American Public Transportation Association (APTA) will release a monthly “Transit Savings Report,” which will show how much money a person can save on a monthly and yearly basis by taking public transit and living with one less car in his or her household.
A person can save more than $8,000 per year annually -- an average of $672 a month based on today’s gas price of $3.909 as reported by AAA. -- by taking public transportation instead of driving based on today’s gas prices, according to a new analysis released by APTA.
The savings are more than the average household pays for food in a year.
“We are releasing our ‘Transit Savings Report’ once a month to remind consumers that taking public transportation is the quickest way to save money and beat the high price of gasoline,” said William W. Millar, president of APTA. “In these tough economic times, a record number of Americans are saying my other car is the train or bus and it helps me balance my budget.”