Tuesday, January 12, 2010

APTA charts individual savings from public transit use

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The American Public Transportation Association Tuesday said public transit users “can save on average $9,242 annually based on the January 11, 2010 national average gas price and the national unreserved monthly parking rate.” 

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APTA noted the computation factored in that “the average cost per gallon of gas was $1.79 which is nearly $1 less than the current price of gas at $2.75 per gallon. This increase in cost equates to an additional $600 in savings per year for transit commuters as compared to last year’s savings amount at this same time.” 

APTA said “The Transit Savings Report,” which it releases monthly, 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 $770 per month. The savings amount isbased on the cost of the national averages for parking and driving, as well as the January 11 national average gas price of $2.75 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 costa, APTA says. In addition, local public transit offers a travel option that has an immediate positive impact in reducing an individual’s overall carbon footprint while helping reduce America’s dependence on foreign oil.
 
The national average for a monthly unreserved parking space in a downtown business district is $154.23, according to the 2009 Colliers International Parking Rate Study.  Over the course of a year, parking costs for a vehicle can amount to an average of$1,850.
 
APTA also ranked the top 20 cities with the highest transit ridership, based ontransit savings based on the purchase of a monthly public transit pass andfactoring in local gas prices for January 11, 2010 and the local monthly unreserved parking rate. 

 No.  City                  Monthly Savings                   Annual Savings  
  1    New York              $1,147                                       $13,765  

  2    Boston                  $1,030                                       $12,362  

  3    San Francisco        $1,013                                       $12,156  

  4    Chicago                   $946                                       $11,357  

  5    Seattle                    $932                                       $11,185  

  6    Philadelphia             $927                                       $11,121 

  7    Honolulu                  $887                                       $10,639  

  8    Los Angeles             $838                                        $10,052  

  9    San Diego                $824                                         $9,894  

  10  Minneapolis       $824 $ 9,884 

  11  Cleveland                $803                                          $9,639

  12  Portland                   $798                                         $9,581  

  13  Denver                     $795                                        $9,539  

  14  Baltimore                 $782                                         $9,383  

  15  Minneapolis              $752                                         $9,022  

  16  Washington, DC        $751                                         $9,015

  17  Dallas                      $730                                         $8,756  

  18  Atlanta                     $722                                        $8,658  

  19  Las Vegas                $716                                         $8,591  

  20  Pittsburgh                $680                                         $8,162