CTA's Fuel Fail | NBC Chicago

CTA's Fuel Fail

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    Chicago Sun-Times / Scott Stewart
    CTA employee Mirko Morales fuels a bus. CTA Chair Carole Brown has "no regrets" about the way CTA hedged its bets on fuel prices.

    The CTA took a big bet on fuel prices this year, and so far is losing big.

    The transit agency, facing a budget shortfall of $242 million, is paying $3.80 on average per gallon for diesel fuel -- 66 percent higher than the market rate of about $2.29.

    Mary Wisniewski has details in the Chicago Sun-Times.