29 May '15, 4pm

Public transit users continue to win financially

This month, the annual savings for public transit riders is $9,524, according to the American Public Transportation Association 's (APTA) May Transit Savings Report. Individuals who ride public transportation instead of driving can also save, on average, more than $794 per 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 27 average national gas price of $2.74 per gallon — reported by AAA — and the national unreserved monthly parking rate numbers. 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. The national average for a monthly unreserved parking space in a downtown business district is $166.26, according to the 2012 Colliers Internatio...

Full article: http://www.metro-magazine.com/management-operations/news/...

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