The American Public Transportation Association (APTA) released their December Transit Savings Report yesterday, and they have quite the holiday gift for public transit riders. Using public transit on your daily trip to work can save you more than $800 every single month:
[I]ndividuals who ride public transportation instead of driving can save, on average, $807 dollars this month, and $9,690 annually. These savings are based on the cost of commuting by public transportation compared to the December 20, 2011 average national gas price ($3.21 per gallon- reported by AAA) and the national unreserved monthly parking rate.
Currently gas prices are $.15 a gallon less than last month, but still $.23 higher than this time last year. Proving riding public transit is a smart way to lower transportation costs.
That extra money will come in handy, because Congress failed to extend the mass-transit benefit on Tuesday. That means that while people who drive to work will see a slight increase in the pre-tax benefits they receive to offset parking costs—from $230 a month to $240, to account for inflation—public transit benefits will be slashed from $230 to $120 per month. While the Senate may take up the issue in February when it comes back into session, America’s workers will still be hurting in the meantime.