Owning a car getting more expensive

April 5, 2011 7:43:14 PM PDT
New research shows the cost of owning and operating a vehicle in the U.S. is on the rise for a second straight year.

The 2011 edition of AAA's "Your Driving Costs" study estimates the annual cost for a typical sedan driven 15,000 miles a year is $8,876, up $289 from a year ago.

That estimate may be a bit low. The study was based on the late 2010 average gas price of $2.88 a gallon. In California last month, the average price was $3.91, an 84 cent increase.

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