08-21-2017  4:50 pm      •     
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NEWS BRIEFS

AG Rosenblum Announces $192M Settlement for Student Loan Debt

358 Oregonians will get 100 percent loan forgiveness ...

'Chitty Chitty Bang Bang' Screens at New Performing Arts Center, Federal Way

Free screening follows the day after official ribbon cutting of the arts center ...

Join a Book Club at Your Neighborhood Library

At North Portland Library, Pageturners Black Voices focuses on books written by and about African and African American authors ...

Meeting of the NE Community Development Oversight Committee

The fourth meeting will be held on Wednesday, Aug. 23 ...

U.S. & WORLD NEWS

OPINION

SEIU’s President: No Place for White Supremacists in the White House

Mary Kay Henry makes following statement on Trump’s remarks after violence in Charlottesville ...

It’s Time to Show “Middle Neighborhoods” Love, Before It’s too Late

Middle Neighborhoods, School Rehabilitation and Food Insecurity are key action items for the policy agenda of the CBC. ...

Despite Unequal Treatment, Black Women Will Rise

NNPA Newswire Columnist Julianne Malveaux talks about Black Women’s Equal Pay Day ...

PCC Cascade President on Free Tuition Program

Any student who qualifies for the Oregon Promise can attend most in-state community colleges tuition-free ...

AFRICAN AMERICANS IN THE NEWS

ENTERTAINMENT


NEW YORK (CNNMoney) -- Overall, the costs of car ownership have risen compared to last year, according to an annual study by AAA, which says it now costs 2% more to own a sedan than it did last year.

It costs $9,122 a year for the average sedan such as a Toyota Camry or Ford Fusion. That works out to 61 cents a mile, assuming the car is driven 15,000 miles a year.

The costs vary a lot according to the type and size of vehicle, though. It costs about $7,000 a year to own a small car in the United States but about $11,600 to own a four-wheel-drive SUV, according to AAA.

The study factored in costs such as fuel, maintenance, insurance, tires and depreciation.

Maintenance costs have risen the most, according to AAA, going up 11.26% compared to last year. Maintenance costs almost 5 cents for every mile driven. Those costs have gone up because of increases in labor costs, replacement parts prices and extended warranty prices.

Insurance costs have gone up 2.76% for sedans, AAA said. The drivers' group based its annual estimate of $1,029 assuming that a driver has a clean record. Insurance companies in seven states showed small increases for sedans of all sizes.

"Insurance was probably the area with the most variability in our study," said Mike Calkins, manager of technical services for AAA.

Fuel costs rose only 1.93% compared to last year. While the price of regular gasoline rose 3.84%, that was partly offset by improvements in the fuel economy of new cars. The cost of tires was unchanged from last year.

 

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