AAA’s Report Says Costs Decrease to Operate a Car in the U.S.
May 14th, 2014AAA’s “Your Driving Costs” study says it is cheaper to own and operate a sedan in the USA. The average cost to own and operate a sedan dropped to 59.2 cents per mile, down 1.64 cents from last year. This is due to a couple of factors, but the cost of gasoline makes up the majority of the yearly outlay. Based on 15,000 annual miles, the total amount you will pay to own and operate a sedan was $8,876.
AAA uses the average from the last three months of the year to calculate their costs. They found the average cost for the last three months in the U.S. in 2013 to be $3.28, which is much lower than the $3.66 national average from last week. So while the report was released when prices were cheaper, they may currently be slightly higher considering the 38 cent average gas price increase.
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