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High Price Of Gas Is Causing The Commute To Be Costly

U.S. Gas Prices Jump 33 Cents In Two Weeks
Photo by Joe Raedle/Getty Images

This is just in…It’s costing more and more to drive to work these days…and that means more out of your pocket…

Higher prices for fuel and tires, and a larger drop in the resale value of cars, pushed the average cost of owning a sedan to $8,776 a year, according to AAA of Heathrow, Fla. That’s up 3.4 percent from a year ago.

The rise in fuel, tire and depreciation costs more than offset declines in maintenance and insurance costs for the year, AAA said. Based on 15,000 miles a year, AAA said it costs 58.5 cents per mile to operate the average sedan.

AAA published operating cost survey results for several categories:

— Small sedan: $6,758 per year, 45.1 cents per mile

— Medium sedan: $8,588 per year, 57.3 cents per mile

— Large sedan: $10,982 per year, 73.2 cents per mile

— Minivan: $9,489 per year, 63.3 cents per mile

— Four-wheel-drive SUV: $11,239 per year, 74.9 cents per mile.

And those costs are growing. AAA conducted its study in December, when unleaded gasoline prices averaged $2.88 a gallon. That average now stands at about $3.69 a gallon, AAA said.

The cost of tires rose 15.7 percent from a year ago, AAA said. That was caused by a combination of higher tire prices and automakers equipping vehicles with more

via Exhaust Notes – A Blog from MSN Autos – MSN Autos.

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