Tuesday, May 20, 2008

Commuters with Empty Pockets

Forbes Magazine has published a couple of studies, "America's Most Expensive Commutes" and "Cities With the Worse Pain at the Pump" which take a look at the rising cost of gas and the effect on the average commuter.

In "Pain at the Pump" Forbes.com took the country's 50 largest metro areas and looked at congestion, fuel costs, use of mass transit and carpools and commuting distances to determine which metropolitan areas were paying the most for gas and burning the most in their commute. My beloved Washington D.C. taps out on top with an average of $13 a day to commute into the city.

Think you can escape the rising gas prices by being a good citizen and taking the metro? Think again. "Most Expensive Commutes" illustrates the skyrocketing price of public transportation where the cost of the daily commute is proportional to the size and extent of the rail system. More extensive infrastructures means cheaper commutes. However, inexpensive commutes were inversely proportional to the cost of housing. Take New York City, it was the second cheapest commute in the country, but has some of the highest housing expenses and least affordable housing markets in the nation.

You know, I usually like to end these kinds of posts on a positive note. Ooops.

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