As the national average price for a gallon of gas creeps closer to $4 (and actually hit $4 at home for me on Monday) mass transit is looking more appealing to many. Consumers are leaving their cars behind in favor of buses and subways. It makes plenty of sense, as a family with 2 cars will spend an estimated $700 more this year on gas than they did last year.
Mass transit doesn't work everywhere. In Milwaukee, it would be next to impossible for me to get to and from work without my car. And without the ability to visit a client in the suburbs on a moment's notice, my business would quickly be impacted without my car.
Watch this video to see who's saving money and which cities have some of the best and most accessible public transportation systems.
Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.
Gas prices got you blue? Try mass transit!