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SEARCHThe savings are based on the cost of commuting by public transportation compared to the cost of owning and driving a vehicle.
Photo courtesy INIT
Riders in 16 of the top 20 cities for public transit ridership save more than $10,000 a year and $800 a month due to the recent spike in gas prices, according to the American Public Transportation Association’s (APTA) latest Transit Savings Report.
The report shows that four straight months of gas prices increasing has pushed the average annual savings for public transit riders to $10,181 a year or more than $848 a month.
The savings are based on the cost of commuting by public transportation compared to the cost of owning and driving a vehicle, which includes the May 28, 2014 average national gas price of $3.65 per gallon and the national unreserved monthly parking rate.
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.
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