Transit savings grow as auto costs and gas prices increase.
According to The American Public Transportation Association (APTA), Riders can save more than $13,000 per year by using public transit instead of driving, according to the latest information on public transit fares, auto costs, and gasoline prices.
Key Takeaways
- Riders can save more than $13,000 per year by using public transit instead of driving, according to
the latest information on public transit fares, auto costs, and gasoline prices. - Significantly increased costs to purchase and finance cars make transit an even more effective way to
save. - Since 2019, the average cost of purchasing new cars has increased 30 percent. The cost of purchasing
used cars has increased even more—40 percent. Supply chain issues and inflation continue to impact
car prices. Recent strikes at three U.S. auto manufacturers could exacerbate these cost increases. - In 2023, gasoline prices have increased 25 percent because of restricted oil supply, China’s economic
reopening, and the war in Ukraine. - At the same time, monthly public transit fare prices have not increased since 2020.
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