Washington, DC -- RIDING PUBLIC TRANSIT SAVES INDIVIDUALS $9,215 ANNUALLY
Transit riders now save $715 more per year compared to last year at this time
as the cost of gas has increased $0.77 per gallon
Washington, DC: Individuals who ride public transportation can save on average $9,215 annually based on the March 3, 2010 national average gas price and the national unreserved monthly parking rate. Compared to last year at this time, the average cost per gallon of gas was $1.933 which is $0.77 less than the current price of gas at $2.703 per gallon. The total savings as compared to last year at this time equates to an increase of an additional $715 in savings per year for transit commuters.
The Transit Savings Report released monthly by the American Public Transportation Association (APTA) calculates the average annual and monthly savings for public transit users. The report examines how an individual in a two-person household can save money by taking public transportation and living with one less car.
Transit riders can save on average $768 per month. The savings amount is based on the cost of the national averages for parking and driving, as well as the March 3 national average gas price of $2.703 per gallon for self-serve regular gasoline as reported by AAA.
Taking public transportation provides a safe and affordable way for individuals and families to cut costs, according to APTA. In addition, local public transit offers a travel option that has an immediate positive impact in reducing an individual overall carbon footprint while helping reduce our dependence on foreign oil.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
6 comments:
have you ever tried to park at metro? the costs of parking there are staggering! then with the hassles of whether or not you can get where you want to go, It's cheaper to drive to your destination. so it's wash at best. more of our government lying to us!
They keep polishing the turd! But it's just never gonna shine the way they want it to!
I lived in Bowie when they first build the transet system. You may be accurate when it come to the expense of parking but if you're that stupid not to car pool, (like pretty much everyone does out there) than it's your own fault.
D.C "Public" transportation. Who pays to provide that? The taxpayers, that's who. And what do we, the taxpayers, on the shore (or in Idaho, for that matter), get for "public" transportation? Nothing! Not only do we have to subsidize DC residents' cost of transportation, we also have to pay the $9,215 that they get to save. Same goes for the Baltimorons.
Where's our "public" transportation?
It's probably accurate. When my daughter bought her apartment in DC she could have also purchased a dedicated parking spot in the building's lot for an extra $50,000!
Yes, I typed FIFTY THOUSAND DOLLARS!
She didn't purchase it and now sometimes parks as much as a mile away from her building.
She used to take the metro back and forth to work but a few weeks ago, she started driving instead because it was cheaper.
It's not right for them to do a comparison when they are including the parking costs.
Thank god I am a country pumpkin. I cannot imagine fighting the daily stress of traffic and parking issues.
8:52,
It is not our government that is lying, it is the lobbying arm of the public transit industry that is doing the lying. (American Public Transportation Association)
As 11:11 said above, public transit subsidized by the tax payers.
The Washington Metropolitan Area Transit Authority does better then most, Their fare box recovery ratio is over 60%, Most are well under 40%.
Maryland law requires a fare box recovery ratio of 50% for the service provided by the Maryland Transit Administration (MTA). The MTA does not have a fare box recovery ratio of 50% and hasn't had one in years.
The fare box recovery ratio only applies to covering operating costs. Capital costs and procurement is 100% payed for by the tax payers.
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