Published on May 11th, 2012 | by Joshua S Hill4
Drop the Second Car and Save with Public Transport
May 11th, 2012 by Joshua S Hill
A new report from the American Public Transportation Association (APTA) outlines the huge savings possible by swapping from driving to public transport.
According to the APTA May Transit Savings Report, “individuals who ride public transportation instead of driving can save, on average, $823 this month, and $9,880 annually.”
The report takes into consideration the costs of owning and operating a car, as well as aspects like the amount it costs to park a car.
“These 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 9, 2012 average national gas price ($3.75 per gallon — reported by AAA) and the national unreserved monthly parking rate.”
The top 20 cities with the highest transit ridership are ranked in order of their transit savings based on the purchase of a monthly public transit pass and factoring in local gas prices for May 9, 2012 and the local monthly unreserved parking rate.
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