Individuals who ride public transportation can save, on average, $9,330 annually based on the June 16, 2010 national average gas price and the national unreserved monthly parking rate, while on a per month basis, transit riders can save, on average, $778 per month, according to the American Public Transportation Association's (APTA) monthly "Transit Savings Report."

Taking public transportation provides a safe and affordable way for individuals and families to cut costs, according to APTA. In addition, local public transit offers a travel option that has an immediate positive impact in reducing an individual's overall carbon footprint while helping reduce America's dependence on foreign oil.

"The Transit Savings Report" released monthly by 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.

The savings amount is based on the cost of the national averages for parking and driving, as well as the June 16 national average gas price of $2.70 per gallon for self-serve regular gasoline as reported by AAA.