12-18-2017  8:42 am      •     
MLK Breakfast
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NEWS BRIEFS

Exhibit Explores the Legacy of Portland Bird Watchers

Dedicated bird watchers catapult a conservationist movement ...

Special Call for Stories about the Spanish Flu

Genealogical Forum of Oregon seeks stories from the public about one of history's most lethal outbreaks ...

Joint Office of Homeless Services Announces Severe Weather Strategy

Those seeking shelter should call 211 or visit 211.org. Neighbors needed to volunteer, donate cold-weather apparel ...

Q&A with Facebook's Global Director of Diversity Maxine Williams

A conversation on diversity and the tech industry ...

City Announces Laura John as Tribal Liason

Laura John brings an extensive background in tribal advocacy and community engagement to the city of Portland ...

U.S. & WORLD NEWS

OPINION

Don’t Delay, Sign-up for Affordable Healthcare Today

The deadline to enroll or modify healthcare coverage under the Affordable Care Act is December 15. ...

The Skanner Editorial: Alabama Voters Must Reject Moore

Allegations of predatory behavior are troubling – and so is his resume ...

Payday Lenders Continue Attack on Consumer Protections

Charlene Crowell of the Center for Responsible Lending writes that two bills that favor predatory lenders has received bipartisan...

Hundreds Rallied for Meek Mill, but What About the Rest?

Lynette Monroe, a guest columnist for the NNPA Newswire, talks about Meek Mill, the shady judge that locked him up and mass...

AFRICAN AMERICANS IN THE NEWS

ENTERTAINMENT

Peter Valdes-Dapena CNN Money

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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