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Rolling Back: Metro Considering Temporary $5 Pricing for Day Passes
Photo by TooMuchFire via the LAist Featured Photos pool on Flickr
If the high price of filling up your tank is keeping you from going places in your car, Metro's CEO, Art Leahy, has a proposal for you. The transit agency is considering knocking a buck off the price of their Day Pass, bringing the price for a full day's worth of rides to $5. The decrease would go into effect July 1, and last six months, according to The Source.Cutting the price would cost Metro an estimated $6 million annually, says The Source, however the agency expects to make up for that via increased ridership.
Gas prices are already soaring towards $4 a gallon on average nationwide, though for many in California, the pain at the pump is already inching past the $4 mark. Predictions from around the country indicate experts believe those prices could soar to $4.50 or even $5 a gallon as early as Memorial Day this year. Metro is hoping L.A.'s drivers would opt to take advantage of a day of unlimited rides for about the same cost as a gallon of gas could be this summer.
The Source explains that lowering the fare to $5 "would not require public hearings but does need the approval of two-thirds of the Metro Board of Directors. The Board will likely consider the issue at their May meeting."
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