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How much money can I save by sharing the commute?

Quite a bit. Use our Driving Cost Calculator below to help you determine how much money you could save by carpooling, vanpooling or riding the bus instead of driving a single occupant vehicle.

According to the American Automobile Association (AAA), the average cost of owning and operating a medium-sized automobile, traveling an average of 15,000 miles per year is 55.2 cents per mile. For a 40-mile round-trip commute this comes to $22.08 per day, $463.68 per month and $5,564.16 per year, based on commuting 21 days per month.

This figure is based on estimates provided by the AAA publication, “Your Driving Costs 2008.” AAA compiles its estimate by averaging fuel, routine maintenance, tires, insurance, license and registration, loan finance charges and depreciation costs for a medium size automobile that is driven 15,000 miles per year. Tolls and parking fees are additional and exclude loan payments. Fuel prices are based on a late 2007 national average gas price of $2.941 per gallon. AAA has conducted this annual analysis since 1950. That year, driving a car 10,000 miles annually cost 9 cents a mile, and gasoline sold for a mere 27 cents per gallon.

Click here to calculate your annual cost of driving.

3650 A E. Tudor Rd., Anchorage, Alaska 99507-1252
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