The Effect Of Sinking Gas Prices In The Valley

Published: Thursday, December 18, 2014 - 4:35pm
Updated: Thursday, December 18, 2014 - 5:10pm
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OPEC hasn’t been a beloved organization — or cartel — at any point in its existence. But late last week, the head of OPEC said he’s not worried about oil prices sinking to $40 a barrel, which has also led to gas prices dropping to below $2.50 a gallon.

He said he’ll let market forces determine what’s next. What does that mean? Dennis Hoffman of the W.P. Carey School at ASU told us it’s a strategic move.

Those gas prices are also good news for school districts. Bobette Sylvester, Mesa Public Schools’ assistant superintendent for business and support services, said the district has a huge fleet, including maintenance vehicles and buses that run on both diesel and propane.

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