GRU Fuel Decrease
Gas prices weren't the only thing on the rise earlier this year - utility bills also went up.
But now, lower gas prices have left residents in North Central Florida wondering if their utility bills will do the same. Gainesville Regional Utilities Officials say that could eventually be the case.
When utility bills started to go up, GRU increased their prices, but it got to a point where it was so high, they didn't think the customer could bear it, GRU analyst Diane Wilson said.
"What we did was managed the fuel cost for the customer and kept their bill level. Now, as natural gas prices are lowering, we have to make up the difference for what we buffered over the summer," Wilson said.
It may be possible for fuel costs to get so low that customers can get some relief, but Wilson said she has no timeline on when that may happen. GRU Officials said 70 percent of their fuel costs are in coal, which is not directly connected to the gasoline market.
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