Gas prices rise, as do savings for transit riders

WASHINGTON Fri Mar 4, 2011 5:55pm EST

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WASHINGTON (Reuters) - Gasoline prices are spiking and with them the savings for U.S. commuters who rely on public transportation, a transit group said on Friday.

U.S. gas prices have increased 28 cents a gallon in the last 10 days to $3.47 per gallon. Individuals who travel by bus or commuter rail instead of filling up their tanks at that price would save $825 per month on average, the American Public Transportation Association said.

The group included the national average of $161.56 for an unreserved parking space in a downtown business district in its calculations.

Political uncertainty in oil-producing Libya is pushing up oil prices, and that in turn is forcing many Americans to pay more at the pump.

If prices remain high, individuals would save an average $9,904 each year, APTA said, adding that "this is the highest savings for public transit riders in two years."

APTA said a commuter who relies on public transportation in New York City has the most savings over a driver -- $14,376 a year -- followed by those in Boston, San Francisco, Chicago and Seattle.

(Reporting by Lisa Lambert; Editing by Dan Grebler)

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Comments (10)
madness wrote:
I remember the outcry from the left when these gas prices got this high. Why do I hear nothing from the left about the prices now, since their great pretender is in office! Amazing, how that works huh?

Mar 04, 2011 6:28pm EST  --  Report as abuse
DrJJJJ wrote:
Doesn’t it give ya warm fuzzies to know we import 60% of our oil which could be invested in new jobs and deficit reduction? We must like fighting/dying over oil and tranferring our wealth to the likes of Gaddafy, etc! FYI: we’re sitting on 50 years worth of oil in Prudoe Bay alone-enough to transition to Green alternative if we could only find the will to change! We spend hundreds of Billions on imported oil every year and could drill our own! Anyone think third world countries are more environmentally responsbile than we are(now)?? Be intellectually honest now! We must be the laughing stock of the oil world!

Mar 04, 2011 7:02pm EST  --  Report as abuse
Beery wrote:
I believe in my own personal transport – no communal bus travel for me, and no parking fees and no gasoline costs either.

Because I commute by bicycle – far cheaper than public transport and it keeps me fit.

Mar 04, 2011 7:08pm EST  --  Report as abuse
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