CTA's Fuel Fail

Wednesday, Jul 22, 2009  |  Updated 2:26 PM CST
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CTA's Fuel Fail

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.

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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.

Copyright SunTimes
Posted Wednesday, Jul 22, 2009 - 2:26 PM CST
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