Wake County school officials are touting how they may have saved taxpayers $500,000 on diesel fuel costs to operate school buses.
Wake bought 1.3 million gallons of diesel fuel on Feb. 4 to run through the end of the school year at $2.85 per gallon. If the state contract rate of $3.24 per gallon remains unchanged or goes higher, Wake will wind up saving at least $500,000.
Wake usually buys its fuel weekly or on an as-needed basis. But anticipating that prices would rise, the district paid $3.7 million to cover their anticipated fuel needs between Feb. 1 and June 30.