09-03-2019, 09:09 PM
(09-03-2019, 04:42 PM)Bytor Wrote:(09-03-2019, 07:18 AM)MidTowner Wrote: It's not 3% (which is already in excess of the rate of inflation), it's closer to 4% for tickets, and almost 5% for monthly passes. The only types of fares going up 3% or less are concession fares.
When you adjust for the portion of the pie that each fare type is and math it all out, it comes out to an overall 3% rise. That's how GRT has done it in the past.
The effect however, is that some people see far more than a 3% increase, to be honest, I'm surprised though, I would have figured tickets and passes would make up enough of the fares that they would be almost exactly 3%.
FYI, if fuel costs tracked a 3% increase, given the high of 1.34 in 2012, gas prices would have reached almost 1.70 this summer. Instead we're paying 1.13. Just for context.