Gas prices may be cheaper than last year, but the cost of owning and operating a new car has remained the same, according to an American Automobile Association news release.
The association's 2009 edition of "Your Driving Costs" shows the average cost for a new sedan driven 15,000 miles per year is 54 cents per mile, only 0.1 cent less than last year.
The savings at the pump have been countered by increases in ownership costs, such as insurance premiums, depreciation, finance charges and other fees and taxes, AAA Automotive Vice President Marshall L. Doney said in the news release.
In addition, AAA used revised Environmental Protection Agency fuel economy estimates that are intended to better reflect "real world" results.
For more information, you can download a "Your Driving Costs" brochure here.
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