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Public Transit Users Save Thousands of Dollars Every Year
Tuesday, November 18, 2008 12:46 PM  

 

Exterior of hybrid busIf you ride the bus or train to work every day, you can save an average of $8,754, every year, based on today's gas prices.

Despite the drop in gas prices - which is 70 cents lower per gallon than last year - public transit users still obtain a dramatic savings over those who drive their automobiles to work.

That's according to research by the American Public Transportation Association (APTA). Its monthly "Transit Savings Report," analyzes transit costs versus current gas prices and unreserved parking rates.

On average, the national monthly, unreserved parking rate in a city's downtown business district is $143. Parking can soar to an average of $1,720 over the course of a year, according to the 2008 International Parking Rate Study.

"Even as the price of gas goes up and down, the one constant is that riding public transportation is the most economical and efficient way for Americans to save money, reduce their consumption of oil, and lessen their impact on the environment," said William W. Millar, president of APTA, in a statement.

The report also calculates the monthly savings for public transportation commuters at $729 a month, based on the Nov. 6 gas price of $2.35, as reported by AAA.

Here are some examples of how much you'd save annually if you lived in these cities - all among the top 20 cities with the highest ridership nationwide. Calculations were based on the cost of a monthly public transit pass, factoring in Nov. 6 gas prices and the local, monthly, unreserved parking rate.

New York - $12,756

Boston - $12,728

San Francisco - $11,900

Chicago - $10,887

Philadelphia - $10,650

Honolulu - $10,538

Seattle - $10,482

Las Vegas - $8,320

Dallas - $8,233

Posted by Mary Sit
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Comments

J. Liggins said:

This, I will agree with.  But is the savings worth the inconvenience of riding public transportation?  Your average driver would forego those savings instead of subjecting themselves to public transit.

# November 18, 2008 1:33 PM

PWang said:

This is so true, and easily verifiable:

$25,000 car, driven 150,000 miles = 17 cents per mile

driven 12,000 miles per year, and it gets 20 MPG

10 cents per miles for gas at $2 per gallon

20 cents per mile at $4 per gallon

$500 maintenance per year, or 4 cents per mile

17 + 10 or 20 + 4 = 31 to 41 cents per mile

So if drive 10 miles RT to the park & ride instead of driving 50 miles RT, you save 40 miles per work day, or 8000 miles per year, or $2480 - $3280. WOW

# November 18, 2008 1:35 PM

PWang said:

well, I forgot to subtract the bus fare, but it's still a substantially huge savings

# November 18, 2008 1:36 PM

TransitDriver said:

I never did the math but my employer pays my fare each month.

But just driving to run errands on the weekends costs me around $80/ month in gas. And thats if I dont travel... So its a savings.

BUT... If I had to depend on METRO for more then going downtown daily, then I would have to suck up the costs of driving until I couldnt afford it anymore. METRO just isnt reliable nor do they want to change anything to make the local buses run in a timely fashion. I gave an elderly a ride home one night because she was going around trying to get money for a cab cause she was stranded by a bus driver who decided to run 10 minutes ahead of schedule. . To bad he wasnt driving a P&R route... Maybe her complaint would have been heard.

# November 19, 2008 8:24 PM

Royko said:

Citing costs/savings for other cities with large components of rail, cities which now claim they must slash fixed-guideway service as the operation amd maintenance costs are enormous, trying to turn Houstonians into "sheeple" will fail.

METREAUX continually tries to "Sell the Sizzle" for rail but there is no beef!  Urban rail, at-grade in Houston is inherently unsafe and continues to be unreliable as our "transit backbone."

Not another dime should be squandered on the "Solutions" rail scheme.

# November 19, 2008 9:11 PM

Don G said:

First, we must understand that the APTA is indeed the transit companies and the group is meant to focus solely on how good the transit authorities are.

Focusing merely on savings is not a prudent way for anyone to view private transit compared to public transit.

I just used Metro's planner to see what it would take to get me from my house to several clients who all live several blocks off Holcombe and Kirby.

My first attempt failed.  Why?  Because Metro's planner will not work if your house address is over .5 miles from a stop.

So, I then used Briar Forest and Kirkwood to Holcombe and Kirby.  

NOT counting my long walk at each end,  Metro tells me that I can get there with only 1 transfer.  The total time is a mere 98 minutes (ONE WAY!).  

Now, I am paid from $35-65 per hour for work done, so time is also money to me (and all of you as well unless you work for the government.

The total distance using I-10 is approx. 18.4 miles (from my actually driveway to theirs) and I can make it easily in 30 min's or less.  

That gives me over 2 hours extra time to work.....or less time away from home.

APTA used old gas costs and I am currently paying $1.63, but I always use my Shell card and so I get 5% off....$1.55 per gallon.  Not $2.35.

I do not have to stand in the rain or heat or cold waiting for a bus.

I do not have to subject myself to a large group of people in a confined space, some of which may have a cold or the flu.

I can make calls privately to family, clients and suppliers all without any background noises.

I can detour on a dime to alter my destination without any delays.

Question for Mary.  How many of the white collar workers at Metro use public transit for all work day trips to and from work?  Also, how much do they pay for their bus trips compared to non-employees?

Do Metro employees consider time to be worth money?

Thanks in advance.

# November 19, 2008 10:11 PM

DominicMazoch said:

108 to downtown: $2.50 RT Parking downtown: $10.00 Not included are the costs to drive to and from DT.
# November 19, 2008 10:38 PM

Steve Palmer said:

Good calculations, PWang. For a lot of us, parking fees are a major issue, too. Here in the Med Center, it costs about $30/week to park in a garage, versus $12.50/week to take METRO. That difference alone adds up to $910/year.
# November 20, 2008 7:36 AM

J. Liggins said:

If any white collar Metro employee is using their own services, I can assure you it of the rail/commuter variety. Though they may admit so in public, Metro officials are well aware of the fact their local bus service is pure bull ***. Oh, and Mary, how much is Metro President and CEO Frank Wilson saving? If he took Metro to work, you all could save $1200 a month OR $14,400 per year.
# November 20, 2008 7:59 AM

PWang said:

Regarding time & money, when I take the money I save and divide it by the time, I get a pretty high equivalent "pay". In my case, I get paid $20 per hour for taking the bus. It's a second job where I do no work. But truly, the #19 Wilcrest surface bus I ride from Westheimer to north of I-10 is no big draw. It's part of my bike+bus commute, which takes me along the Addicks Reservoir levee wall, where I meet up with sweeping vistas, deer, wildflowers, eagles, hawks... I consider the bus ride a necessary evil to my daily mini-vacation.
# November 20, 2008 1:57 PM
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