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@charlie
@MLD; that's fine, except I've asked before about fuel hedging and was told that 1) fuel isn't a big mix of WMATA's cost structure and 2) hedging is too risky.

Can't say I remember people saying that - transit agencies have been doing this more frequently since 2008 and I think WMATA started doing it in 2009.

It isn't that much of their costs, around 6% of operating expense for Bus, but it is a large portion of the non-labor operating expense.

by MLD on Sep 12, 2012 8:05 am • link • report

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