Individuals who switch from driving to riding public transportation can save, on average, $816 dollars this month, and $9,797 annually, according to the American Public Transportation Association's (APTA) November Transit Savings Report.
The savings are based on the cost of commuting by public transportation compared to the Nov. 18, 2011 average national gas price ($3.38 per gallon- reported by AAA) and the national unreserved monthly parking rate.
Currently, gas prices are nearly 50 cents a gallon higher than this time last year; APTA notes riding public transit is a smart way to lower transportation costs.
APTA releases this monthly Transit Savings Report to examine how an individual in a two-person household can save money by taking public transportation and living with one less car.