Categorized | Business

Keeping Their Eyes On The Pump

SANATOGA PA – As much as it may want to reduce the cost of local government, there are some expenses the Lower Pottsgove (PA) Township Board of Commissioners can’t tame … unless, of course, the municipality finds an oil field within its borders.

Every driver knows the price of gasoline has risen significantly during the past three months. It’s expected to go higher still during June, the Christian Science Monitor reported Tuesday (June 9, 2009). The current nationwide average price this week for a gallon of regular gas is $2.62, according to the federal Energy Information Administration (EIA).

Pump away. You're paying more, and so is Lower Pottsgrove (PA) Township.

Pump away. You're paying more. So is Lower Pottsgrove Township.

The cost probably will peak during July, when the EIA estimates it will hit $2.70, and then begin to drop.

That’s of little comfort right now to commissioners. “Fuel prices are back up again,” board President Bruce Foltz observed last week (Monday, June 1, 2009), during the first of the commission’s two monthly meetings. “That makes a big difference” in its attempts to lower costs, he said, responding to a local resident’s question on township finances.

Board members are reminded monthly of gasoline prices when they receive what usually is a detailed 8- or 9-page report from Chief Michael Shade on activities of the township Police Department. It contains meticulous records of how much gas was pumped into each of Lower Pottsgrove’s 11 patrol cars, as well as the maintenance performed on each vehicle.

During May (2009), the department consumed 1,286 gallons of gas at a cost of $1,992, or about $1.54 per gallon, according to Shade’s report. Compare that to April, when it used 1,284 gallons at a cost of $1,873, or $1.45 a gallon (9 cents less); or March, when it used 1,385 gallons costing $1,985, or $1.43 a gallon (an additional 2 cents less).

Even with rising prices, notice the township pays a far lower price per gallon than most consumers. It’s because, with the volume it uses monthly, Lower Pottsgrove gets a better deal on gasoline purchases.

Related (to the Lower Pottsgrove Commissioners’ June 1 meeting):

Sign up to get The Sanatoga Post delivered free daily by e-mail.
Got news for us? E-mail The Post.

Share

Comments are closed.

From Our Sponsors

From Our Sponsors

RSS Business News

  • JPMorgan has returned $600 million of MF Global money: WSJ June 2, 2012
    (Reuters) - JPMorgan Chase & Co has returned about $600 million that was at the bank when MF Global Holdings Ltd went bust in October, the Wall Street Journal reported late on Friday citing people familiar with the matter. […]
  • China studies more market opening steps: state media June 2, 2012
    SHANGHAI (Reuters) - China is considering steps to allow overseas firms to float shares in the country and foreign institutions to invest yuan they hold in domestic markets, state media on Saturday quoted a government document as saying. […]
  • Moody's cuts Greek domestic rating ceiling on euro exit risk June 2, 2012
    NEW YORK (Reuters) - Rating agency Moody's Investors Service said it had lowered its ratings ceiling on Greek domestic debt issuers due to the rising risk of the country exiting the euro zone, but added it did not consider that the most likely scenario for the country. […]
  • Job growth trips again, opens door to more Fed moves June 2, 2012
    WASHINGTON (Reuters) - U.S. job growth braked sharply for a third straight month in May and the unemployment rate rose for the first time in nearly a year, raising chances of further monetary stimulus from the Federal Reserve to support the sputtering recovery. […]
  • U.S. regulator said slow to see mortgage servicing risk June 1, 2012
    WASHINGTON (Reuters) - The chief regulator of U.S. national banks did not pay enough attention to how lenders process home foreclosures and underestimated the risks it posed until problems broke into the open in late 2010, the Treasury Department's inspector general said in a report released on Friday. […]
  • Wall Street sinks on jobs data, Dow negative for 2012 June 1, 2012
    NEW YORK (Reuters) - Stocks fell more than 2 percent on Friday, dragging the Dow into negative territory for the year after a dismal U.S. jobs report added to fears that Europe's spiraling debt crisis was dragging down the world economy. […]
  • Wal-Mart chairman: Integrity 'is our business' June 1, 2012
    FAYETTEVILLE, Arkansas (Reuters) - Wal-Mart Stores Inc executives told shareholders they would not stand for unethical behavior at the world's largest retailer, whose shares have soared to 12-year highs as strong results more than offset concerns about bribery allegations. […]
  • Protege testifies against McKinsey mentor Gupta June 1, 2012
    NEW YORK (Reuters) - When business guru Rajat Gupta and his protege, Anil Kumar, worked together to expand management consultancy McKinsey & Co in the 1990s, a date in court years later surely was not part of the plan. […]
  • Wall Street Week Ahead: Time for some more stimulus? June 1, 2012
    NEW YORK (Reuters) - Things are shaping up for another hot summer on Wall Street, and there is a long, long way to go yet. […]
  • Analysis: How Morgan Stanley sank to junk pricing June 1, 2012
    (Reuters) - The bond markets are treating Morgan Stanley like a junk-rated company, and the investment bank's higher borrowing costs could already be putting it at a disadvantage even before an expected ratings downgrade this month. […]