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A taximeter or fare meter is a mechanical or electronic device installed in taxicabs and auto rickshaws that calculates passenger fares based on a combination of distance travelled and waiting time. Its shortened form, "taxi", is also a metonym for the hired cars that use them.
The rates for a Yellow Cab in Pittsburgh as of September, 2011 are an initial charge of $3.35 plus $0.25 per 1/7 of a mile, plus $0.25 for each minute of waiting time. In trips over 20 miles, the meter will automatically begin calculating the distance following the initial 20 miles at $0.50 per 1/7 mile.
According to an April 2011 study by the Chicago Dispatcher, New York City taxis have a relatively low standard fare, charging an estimated $14.10 for a distance of 5 miles (8.0 km) and five minutes' wait time (compared to an estimated $18.48 in West Hollywood and $12.87 in Houston). [39]
If you want your ride to get the lowest cost per mile, your best bet is to drive a low-cost economy car. iSeeCars.com has rounded up the least expensive gasoline cars per 1,000 miles driven, and...
The IRS considers that the average US automobile has a total cost of US$0.58/mile, around €0.32/km. [11] According to the American Automobile Association, the average driver of the average sedan spends totally approximately US$8,700 per year, or US$720 per month, to own and operate their vehicle.