AAA finds driving costs hit six-year low

(May 2, 2016) ORLANDO, Fla. — Due to falling gas prices, the annual cost to own and operate a vehicle in the United States has fallen to a six-year low of $8,558 according to AAA’s 2016 Your Driving Costs study. This year, a driver can expect to spend 57 cents for each mile driven, approximately $713 per month, to cover the fixed and variable costs associated with owning and operating a car.

“Thanks to lower gas prices, American drivers can expect to save hundreds of dollars in fuel costs in 2016,” said John Nielsen, AAA’s managing director of Automotive Engineering and Repair.