As gas prices rise and predictions rumors swirl of prices reaching five dollars per gallon by this summer; commuters will be asking — what is my tipping point to switch to riding public transportation? Gas prices have risen more than 18 cents in the last month, giving those who switch from driving to taking public transit the opportunity to save. According to the American Public Transportation Association’s (APTA) February Transit Savings Report, individuals who ride public transportation instead of driving can save, on average, $826 this month, and $9,914 annually.
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 Feb. 21, 2012 average national gas price ($3.57 per gallon- reported by AAA) and the national unreserved monthly parking rate.
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