With prices on the rise in a number of categories, here's some good news for consumers: The cost of owning and operating a car is on the decline.
A new study by AAA found that the typical sedan will still take a hefty chunk out of drivers' budgets, an average $8,876. But that was nonetheless about 2.7 percent less than what ownership and operating costs averaged last year, the "2014 Your Driving Costs" study found.
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"A large decrease in fuel costs, and lower tire, insurance and depreciation expenses are saving owners more than one and a half cents on every mile they drive," said John Nielsen, AAA managing director of automotive engineering and repair.