Consumer

Falling Gasoline prices have drivers excited

Monday, June 25, 2012

Fresno drivers have reason to be excited. Gasoline prices have fallen in the last week.

                  |   Watch Video Above for Extended Coverage   |

This time last month the average cost for regular unleaded in the Fresno area was $4.25 a gallon.

A week ago prices were still close to $4.00 a gallon, but significantly lower. Monday the average had dipped to $3.80 a gallon. That's a 45 cent drop in one month. But the recent drop also impacts the city of Fresno.

City leaders set aside $700 thousand in last year's budget to allow some flexibility when prices change. But with the recent drop, city leaders say they have some savings in the bank, next year.

Fresno City Manager Mark Scott said, "Like any consumer, when the prices go up they affect us but so much of what we do is transportation oriented with police cars, fire trucks, and public works vehicles and buses, we are just a very heavy user of fuel."

The city is able to buy gas at about 20 cents cheaper a gallon than the public.

In the video, Action News reporter Mariana Jacob has complete coverage on the story.

(Copyright ©2014 KFSN-TV/DT. All Rights Reserved.)

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gas prices, consumer, mariana jacob
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