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Although fuel prices have gone down after going through the roof last summer, many believe they will rise once the economy begins to level off. By using Energy Price Risk Management, transit agencies may be able to create budget certainty and protect themselves from market volatility.
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GCRTA has already reduced salaried positions by 5 percent, frozen wages for all salaried employees, instituted a partial hiring freeze, restricted travel, received supplemental funding from the NOACA and reduced overtime.
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