Rapidly rising gas prices give public transit riders highest savings in two years - Individuals can save more than $800 this month.
Washington, DC — Gas prices have increased 28 cents a gallon in the last 10 days and are expected to continue rising. As a result, riding public transportation saves individuals, on average, $9,904 annually and $825 per month based on the March 4, 2011, average national gas price ($3.47 per gallon reported by AAA) and the national unreserved monthly parking rate. This is the highest savings for public transit riders in two years.
“As gas prices rise, using public transportation is the quickest way people can beat high gasoline prices,” states William Millar, president American Public Transportation Association (APTA).
As uncertainty in other parts of the world persists, and Americans continue to suffer economic woes, making the change to public transit today gives individuals the opportunity to lower their transportation costs, without sacrificing their freedom and mobility. Switching from driving to riding public transportation for even a few of their trips is a proven way for individuals to cut monthly and yearly transportation costs.
For additional information, visit
http://www.apta.com/mediacenter/pressreleases/2011/Pages/110304_TransitSavings.aspx.