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Driving costs expected to be down this year

Published: April 30, 2013
The complete article can be found here: The Herald-Sun

DURHAM —North Carolina drivers are expected to pay lower annual driving costs this year due to falling gas prices, lower insurance costs and improved fuel economy, according to AAA Carolinas. The not-for-profit automobile association affiliate said in a news release Tuesday the owner of an average sedan in the state is expected to pay $9,362 in 2013 to drive based on current prices. That’s compared to $10,558 last year.

The total includes insurance, maintenance, gasoline, tires, taxes, registration, depreciation and finance charges. The estimate was based on motorists driving 15,000 miles a year. The decline was impacted by gas prices, which are below last year’s levels. North Carolina’s average price per gallon of regular, unleaded fuel was at $3.429 Tuesday, compared to $3.788 a year prior, according to the AAA Daily Fuel Gauge Report.

If prices remain steady, drivers can expect to pay an average of 62 cents a mile in 2013, down eight cents compared to last year. “The decrease in vehicle costs is great news for North Carolina drivers,” said Dave Parsons, president and CEO of AAA Carolinas, in the release. “Driving costs had been rising steadily since 2009, and now motorists are finally seeing some relief.”

The association reported that insurance premiums for sedans were down from $647 annually in 2012 to $619 this year.

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