Media Conference Call: What Happens to Public Transit Ridership When Gas Prices Spike Upward and Then Drop?
Washington, DC — On May 15, the American Public Transportation Association (APTA) and Building America’s Future (BAF) will release an analysis of how fluctuating gas prices will impact public transit ridership around the country. The analysis will quantify how rising gas prices contribute to increase ridership and predict what happens to ridership even after gas prices begin to decline. As millions of Americans initially turn to public transportation as a cost saving option as gas prices spike, the analysis will show how the volatile nature of gas prices will affect to what extent commuters continue riding public transportation when prices fall.
Together with Building America’s Future, APTA will host a media conference call to discuss the findings and what this information tells us about long term investment in our infrastructure as Congress begins Conference Committee negotiations to pass a comprehensive, multi-year surface transportation bill. Representatives from public transportation systems in San Diego and Chicago will be available to discuss how gas price volatility could impact ridership within their systems.
Media Conference Call:
- Former Governor Ed Rendell, Co-Chair, Building America’s Future
- Michael Melaniphy, President and CEO, American Public Transportation Association
- Paul Jablonski, Chief Executive Officer, San Diego Metro Transit System (MTS)
- Curtis Stitt, President and CEO, Central Ohio Transit Authority (COTA)
When: Tuesday, May 15, 2012 at 11:30 a.m. EST
Dial In: RSVP to Laura Braden (firstname.lastname@example.org) to receive dial-in information
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The American Public Transportation Association (APTA) is a nonprofit international association of 1,500 public and private member organizations, engaged in the areas of bus, paratransit, light rail, commuter rail, subways, waterborne services, and intercity and high-speed rail. This includes: transit systems; planning, design, construction, and finance firms; product and service providers; academic institutions; transit associations and state departments of transportation. More than 90 percent of the people using public transportation in the United States and Canada are served by APTA member systems.
Building America's Future (BAF) is a bipartisan coalition of elected officials dedicated to bringing about a new era of U.S. investment in infrastructure that enhances our nation's prosperity and quality of life. Founded by former Governor Edward Rendell of Pennsylvania, former Governor Arnold Schwarzenegger of California, and Mayor Michael Bloomberg of New York, BAF Ed Fund boasts a politically diverse membership of state and local elected officials from across the nation.
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