Quote:Originally Posted by
Marshal-Green:
I am just a little mixed because it could hurt people who are already in a financial struggle and public transit may not be a viable option. Overall, I think its a good idea, however.
Yeah, I had some thoughts about the financial stuff too...but let's use my situation for example. I live outside of that northeast area (top map) but Huddler HQ is inside the area. I would get charged to drive to and from work (assuming I traveled between 6-9am and 4-7pm). [Disclaimer: I'm not super mathy anymore so let me know if I messed up one of my calculations.]
Driving distance from my house to our office is 4 miles. Let's say I get 31.2 MPG (which according to Future Pundit is the average fuel economy for 2007 cars). That means I use about 0.25 gallons of gas per round trip to and from work. With the current super low gas prices in the city (I think I paid $2.05 for 9/10ths of a gallon the other day), that means the trip costs me about 52 cents (of course, a month or two ago, it would have cost twice that). So let's say the round trip costs 50 cents to $1 depending on gas prices (which doesn't count for any idling in traffic or circling around the block looking for parking). That means...with the congestion fee, the commute increases in cost to be $6.50 to $7 per car per day.
Okay, so now let's talk about public transportation in SF. A Fast Pass costs $45 and gets you unlimited MUNI and BART (bus, light rail, and subway-type thing) rides within the city. If you use it exclusively for work commuting for 20 work days in a month, it costs you $2.25 per day.
Now let's compare...driving to work without the congestion charge costs $0.50 to $1 per day. Driving to work with the congestion charge costs $6.50 to $7 per day. Riding the bus with a Fast Pass costs $2.25 per day. Based on those calculations, riding the bus is clearly way more affordable than driving with the congestion charge, but more expensive than driving without the charge. Right? Right.
Okay...but NOW! Let's think about the entire cost of driving my car to work. The initial calculation only took into account the cost of gas. What about car insurance? According to a report by the National Association of Insurance Commissioners, the average person in California paid $844 for car insurance in 2005. Well, for simplicity sake, let's use that number (but it's most likely gone up in the last three years). $844 over 12 months works out to be just over $70 per month. Let's say you're just using your car to get to work (which is about as unlikely as just using your Fast Pass to only take the bus to and from the office). That means every work day, you're paying an additional $3.52 for car insurance.
What about car maintanence? Well, that's a little more variable but let's say it's $130 per 15,000 miles (and that for sure doesn't include any major issues). That adds another $0.07 to every work day commute.
What about parking tickets (which are kind of inevitable if you use street parking in San Francisco)? Let's say you only get one per month...that's still an extra $50 for the month. To be generous, let's say you only get one every two months. That's still an extra $1.25 for every work day. (Paying for a garge would be even more expensive.)
All of a sudden, our $0.50-$1 commute jumped to $5.31 to $5.81 per day and that's being generous with the car insurance, car maintenance, and the parking tickets and doesn't take the initial cost of the car into account.
AND! Of course, that also doesn't take all the negative externalities of driving a car and all the carbon emissions and noise pollution and all of that jazz which is hard to monetize (oh tragedy of the commons).
In any case, if you're thinking about pure dollars and cents of the work commute, I think the $45 for a Fast Pass is a great deal.
Plus you get the fun of seeing which two colors they pick for the pass every month. So that's an added bonus. :-)
Edited by stins - Tue, 02 Dec 2008 20:39:45 GMT