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According to AAA, the monthly cost of owning and operating a sedan is approximately $700 a month.

Wired Blog Network: "It's Time for Cities to Favor People, Not Cars"

There's this cycle of automobile dependency…You have to have a place to park at home, a place to park at work, and a place to park at retail establishments. In an absurd market distortion, cities have become places where cars have a right to housing and people don't.

Full article from Wired Blog Network:

blog.wired.com/cars/2009/02/art-center-summ.html