Study: Driving costs on rise

April 6, 2011 4:28:19 AM PDT
AAA says a new study finds that driving costs are up by over 3 percent.

The yearly average cost of owning and operating a sedan is now more than $8,700or about 58 cents per mile.

The cost of owning and operating an SUV is up to over $11,000 annually or nearly 75 cents per mile.

AAA says the rise is due in part to large increases in fuel, tire and depreciation costs.