Wood Davidson with the East Carolina Transit Authority tells me that while he has certainly noticed the jump in gas prices, the school is still running under it's annual budget for the year. The school bases its budgeting on Department of Energy forecasts for diesel fuel.
Davidson says that the first part of the fiscal year they were running below their budget number, and just recently moved into months where they are above that number. Despite that, the school is still managing to keep under their annual budget. Davidson says they are not worried about the prices for this year, but next year could cause some concern.
"At this point we're not worried even if prices sustained at the level that they are it wouldn't effect our service to the end of this fiscal year. We're in the process of looking at our budget cycle for next year, so it could impact what we're able to do when we move into the next year if the levels stay at where they are right now." said ECU Transit Authority Director Wood Davidson.
From December of 2010 to March 1st of this year Davidson says diesel fuel rose 45 cents per gallon.
For the month of February that rise resulted in $9,000 extra in costs to run the fleet of vehicles.
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