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26 Feb 2016
New national research has found commuters can save around £1,000 per year by catching the bus instead of travelling to work by car - despite falling fuel prices at the pumps.
Bus travel costs are around 55% cheaper than the same commute by car, saving passengers an average of more than £90 a month, according to the study.
The savings - even with fuel prices being at their lowest levels for six years - would be enough to cover the entire annual energy costs for a medium-sized house*.
Research by Stagecoach, Britain's biggest bus and coach operator, covered around 35 key commuter routes in England, Scotland and Wales. It compared the weekly price of hopping on the bus with the cost of fuel and car parking for the same journeys.
The study found:
Robert Montgomery, Managing Director of Stagecoach UK Bus, said: “Fuel prices are at their lowest level for six years, but it is still miles cheaper to commute to work by bus for many people up and down the country.
"The average savings would pay a big chunk of people's annual energy bills and for some it would fund the cost of a family holiday for a week in the sun in Florida.
"It's also easier than ever before to catch the bus, with smart ticketing, bus tracking available via your smartphone and free wi-fi on many of our new buses."
Stagecoach works with other major public transport groups in the UK, as well as campaign group Greener Journeys and local authorities to attract more people out of their cars and on to public transport to reduce pollution and congestion in the UK’s towns and cities.
The company is currently offering Dayrider*** tickets – which provide unlimited travel within a specific local area – for just £2 to passengers aged under 19 in a special promotion. Stagecoach is also the only bus operator to offer a nationwide discount for jobseekers, giving those with a JobCentre Plus travel card a 50% discount on their bus travel to help them find employment.
Stagecoach has invested more than £630million over the past eight years in brand new buses and coaches for local communities.
Further information on Stagecoach UK Bus services visit www.stagecoachbus.com
A full copy of the Stagecoach survey results can be found here - http://www.stagecoach.com/~/media/Files/S/Stagecoach-Group/Attachments/media/press/pr2016/fuel-comparison-2016.pdf
The study assessed the cost of making the journey daily by car, taking into account only the cost of fuel, parking and any toll road payments – no other costs associated with car ownership were included. The survey then compared the motoring cost with the cost of purchasing a weekly multi-journey ticket on Stagecoach buses which allows unlimited travel on Stagecoach services within the designated area. The results are based on an average saving calculated across 35 commuter routes in the UK. Individual savings will vary. Fuel prices recorded between 11-21 January 2016. Monthly and annual savings calculated on Weekly Megarider purchases over 46 weeks of the year.
**Based on cost of weekly ticket between Torquay and Exeter (Gold X46), see attached Fuel Price Comparison sheet for details
*** More information can be found here - http://www.stagecoach.com/media/news-releases/2016/2016-01-20.aspx