April 6, 2010

APTA: Public transit saves riders $9,293 annually

Individuals who ride public transportation can save on average $9,293 annually based on the April 5, 2010, national average gas price and the national unreserved monthly parking rate. 

 

On a per month basis, transit riders can save on average $774 per month. Over the past month the cost per gallon of gas has increased 13 cents.

 

“The Transit Savings Report” released monthly by the American Public Transportation Association (APTA) calculates the average annual and monthly savings for public transit users. The report examines how an individual in a two-person household can save money by taking public transportation and living with one less car.

 

On a per month basis, transit riders can save on average $774 per month. Over the past month the cost per gallon of gas has increased 13 cents.

 

The savings amount is based on the cost of the national averages for parking and driving, as well as the April 5 national average gas price of $2.83 per gallon for self-serve regular gasoline as reported by AAA.

 

The national average for a monthly unreserved parking space in a downtown business district is $154.23, according to the 2009 Colliers International Parking Rate Study. Over the course of a year, parking costs for a vehicle can amount to an average of $1,850.

 

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