Krishna,
I read what you wrote about your 2014 HST trip and made me so happy to know that I'm about to get there.
The LP to CM shuttle is indeed the expensive options (as renting a car for the whole time should probably cost about half of what you mentioned).
Second alternative sounds good. I will sure look into that. The only problem with that plan is that I'm not sure when will we finish the hike and get to LP (depends on how long will it take to get permits & how many days will the hike take). So pre-arranging the taxi might be a bit problematic.
Thank you for your reply and the detailed post about your HST experience.
cheers