Oil prices blamed for GBTA fare jump

Milk, bread, wheat and gas are all soaring at record rates ? now bus fares will join that list.

The Greater Bridgeport Transit District is expected to take a huge hit in fuel prices later this year, meaning bus fares will increase from $1.50 to $2.00 a ride. The reason ? as with everything ? is oil prices.

?Right now we?re expecting our fuel budget to increase by just under a million dollars,? says Ron Kilcoyne, the chief executive officer of GBTA.

GBTA currently pays $2.48 a gallon for fuel, but when that contract runs out at the end of October, officials expect a jump to nearly $4.50 a gallon.

?We've got to assume the worst and hope for the best,? says Kilcoyne.

The choice came down to either raising prices or eliminating some services, according to officials.

?And we think our customers, at least from past experience, would rather we raise the price than cut service,? says Kilcoyne.

GBTA will be holding public hearings on the fare increase next month, but the exact times and dates won't be announced until next week at the earliest.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."