A free thinker in the Heartland...

Sunday, July 16, 2006

Fort Wayne saving on gas?

It seems that Allen County made a great decision... from the South Bend Tribune:

Allen County officials who opted last year to purchase gasoline at a fixed price say the county is now saving more than $3,000 a week amid rising gas prices.

For the year to date, based on an average weekly purchase of 6,154 gallons of unleaded gasoline, the northern Indiana county's savings total $19,763 thanks to the payoff on its gamble.
They opted for a fixed price, even though on Nov. 16 — when the price was locked-in — gas was actually cheaper on the open market.

The county's per-gallon price is $1.8843, plus an 18-cent-per-gallon road tax. Allen County, as a unit of government, doesn't pay state sales or federal excise taxes other consumers pay.

From January until the end of March, the market price remained below the county's fixed price.

Since then, however, prices have risen, and could go up even higher this summer due to growing unrest in the Middle East.

Something tells me my county didn't do the same thing. Will we see Four Dollar gas by the end of summer?