Driving Costs Up .5 Cent in Second Quarter, AAA Says.ORLANDO, Fla.--(BUSINESS WIRE)--July 8, 1999-- Higher second-quarter gas prices have pushed up the cost of owning and operating a new car by .5 cent in the second quarter, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. . Motorists now spend an average of 47.5 cents per mile in vehicle-related expenses. The increase brings the average annual expenditure up $75 since last quarter to $7,125, based on 15,000 miles of driving. The price of self-serve regular unleaded gasoline has increased 18.2 cents since it averaged 96 cents per gallon in February, a 10-year low. AAA's study of driving costs is based on computations made by Runzheimer International of Rochester, Wis. The management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm specializes in transportation, travel and living costs. The average per-mile cost is determined by combining operating and fixed costs fixed costs, n.pl the costs that do not change to meet fluctuations in enrollment or in use of services (e.g., salaries, rent, business license fees, and depreciation). . During the second quarter of this year, motorists spent an average of 11.2 cents per mile on operating costs operating costs npl → gastos mpl operacionales such as gasoline, oil, tires and maintenance, up .6 cent since the first quarter. Fixed costs, such as insurance, depreciation, registration taxes and financing, averaged $14.93 per day, down 3 cents since the first quarter. AAA's cost estimates are based on a composite national average of three domestically built 1999 cars: a compact Chevrolet Cavalier LS, a mid-size Ford Taurus Not to be confused with Ford Taunus. The Ford Taurus is currently a full-size, front-wheel drive or all wheel drive automobile manufactured by the Ford Motor Company in North America. SE and a full-size Mercury Grand Marquis The Mercury Grand Marquis is a full-size rear-wheel drive sedan sold by the Mercury division of the Ford Motor Company and manufactured at the St. Thomas Assembly Plant in Canada. It was also built in St. Louis, Missouri until 1985. GS. New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. was the most expensive region to own and operate a car, with total costs of 49 cents per mile. The Midwest had the lowest cost, at 45.4 cents per mile. Other regional costs were: Mid-Atlantic, 48.7 cents; West, 48.9; Southwest, 47.4; Great Lakes Great Lakes, group of five freshwater lakes, central North America, creating a natural border between the United States and Canada and forming the largest body of freshwater in the world, with a combined surface area of c.95,000 sq mi (246,050 sq km). , 47; and Southeast, 45.8. AAA is a not-for-profit federation of 90 clubs with 1,100 offices providing nearly 42 million members in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada with travel, insurance, financial and automotive-related services. -0-
AAA - YOUR DRIVING COSTS
1999 SECOND QUARTER UPDATE
REGION OPERATING COSTS FIXED COSTS TOTAL COSTS
PER MILE PER DAY PER MILE
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NEW ENGLAND 11.05 cents $15.61 49.0 cents
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CT,ME,MA,NH,
RI, VT
MID-ATLANTIC 10.95 cents $15.52 48.7 cents
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DE,MD,NJ,NY,PA
VA,WV
GREAT LAKES 10.95 cents $14.81 47.0 cents
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IL,IN,MI,OH,WI
MIDWEST 10.55 cents $14.33 45.4 cents
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IA,KS,MN,MO,
NE,ND,SD
SOUTHEAST 10.60 cents $14.47 45.8 cents
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AL,AR,FL,GA,KY,
LA,MS,NC,SC,TN
WEST 12.35 cents $15.04 48.9 cents
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AK,CA,CO,HI,ID,
MT,NV,OR,UT,WA,WY
SOUTHWEST 11.10 cents $14.90 47.4 cents
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AZ,NM,OK,TX
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National
Average(a) 11.15 cents $14.93 47.5 cents
(a) Based on the composite average of a 1999 Chevrolet Cavalier LS
4-cylinder, Ford Taurus SE 6-cylinder, Mercury Grand Marquis LS
8-cylinder, driven 15,000 miles-per-year under stop-and-go driving
conditions and retained in service for four years.
Prepared by Runzheimer International Rochester, Wisconsin
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