Chicago parking most expensive in U.S. (video report)

Drivers in Chicago pay more for on-street parking than in any other U.S. city, and they also waste a lot of money overfeeding the meters.

In some spots in Chicago, parking costs $13 for two hours. Only San Francisco comes close at a dollar less. Drivers are also wasting a lot of time looking for parking, ranked sixth in the country, just behind New York, Los Angeles, San Francisco, Washington, D.C., and Seattle.

Americans spend an average of 17 hours a year looking for parking. In Chicago, it’s 56 hours. That adds up to almost $1,200 in wasted time, fuel and emissions.

And when we finally find a spot, much of the time we pay for gets wasted — $353 worth to be specific.