22 Dec '16, 6pm

Public Transit Can Help You Plan for Savings in the New Year!

APTA then compares the average monthly transit fare to the average cost of driving. The cost of driving is calculated using the 2016 AAA average cost of driving formula. That formula is based on variable and fixed costs. The variable costs include the cost of gas, maintenance and tires. The fixed costs include insurance, license registration, depreciation and finance charges. The comparison also uses the average mileage of a mid-size auto at 23.1 miles per gallon and the price for self-serve regular unleaded gasoline as recorded by AAA on December 21, 2016 at $2.25 per gallon. The analysis also assumes that a person will drive an average of 15,000 miles per year. The savings is based on the assumption that a person in a two-person household lives with one less car.

Full article: http://www.apta.com/mediacenter/pressreleases/2016/Pages/...

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