Ask any commuter across the country and they’ll tell you that the cost of getting from home to the office every day is adding up quickly. While parking costs and public transportation fees don’t change often, gas prices do. And we all know the helpless feeling of watching the dollars rise uncontrollably when the prices are high at the pump.
Nationally, gas prices have increased by an average of 41 cents compared to this time last year – a gallon of gasoline at the pump now averages about $3.65 nationwide. With no end to increases in sight and some analysts predicting prices of $5 per gallon this summer, consumers are looking to cut costs. Pre-tax commuter benefits accounts are more important than ever as a tool to help people cut down commuting expenses.