Riding public transportation can save an individual an average of $9,068 a year based on the June 17, 2009 national average gas price and the unreserved monthly parking rate, according to the American Public Transportation Association (APTA).
This is the highest annual transit savings recorded for this year, as gas prices have increased by 95 cents since January.
The release of the June Transit Savings Report coincides with National Dump the Pump Day, which is intended to encourage people to ride public transportation to save money and protect the environment.
APTA’s Transit Savings Report calculates the average savings for public transit users at $756 per month. This is based on the cost of parking and the June 17 gas price of $2.679 as reported by AAA.
“With gas prices increasing almost daily, we are all looking for ways to save,” said APTA President William Millar. “I encourage drivers to take part in the 4th annual Dump the Pump Day. You’ll save money and help save the planet.”
Regarding parking costs, the national average for the monthly unreserved parking rate in a city’s downtown business district is $143, according to the 2008 Colliers International Parking Rate Study.Over the course of a year, parking costs alone can amount to an average of $1,720.
More than 100 public transportation systems and transit associations are participating in Dump the Pump day activities this year. Some public transit systems are having public events with drawings for free transit passes and other prizes, while other systems are offering free or reduced rides, and doing radio promotions.
For more information on National Dump the Pump Day, visit www.publictransportation.org.