All of us found a mini cost war waging in Saint.
Bernard Parish, with the selling price at the pump at some channels running as
low as $2. 02 per gallon.
"We required the break down here, inch said driver Al
Mackles. "Finally, it's looking like we will get it. I hope it can are a while.
People down right here can actually use it, you know. inches
"I go to school and i also have to get back and forth,
and I proceed and pick up my grandbabies, so for me to be preserving the extra
money on fuel is very helpful, " stated driver Cynthia Shepherd.
Whilst consumers are enjoying this price tag break at
the pump, a few say they feel just a little guilty because the low price
associated with oil is causing several cutbacks and layoffs from your oil and
gas industry.
"I perform feel for them, but every thing we save is
good for all of us, " said driver Eddie McCaleb.
Shell and Quarter recently announced job slashes in
Louisiana. Local essential oil production was already down through 600 jobs last
month.
"That's what we're seeing regionally, " GNO, Inc Leader
Michael Hecht said. "We're seeing the same thing in Lafayette where they've lost
regarding 600 jobs. The issue right now is how long will this cut last. "
Louisiana's condition budget is pegged in $62 per
barrel regarding oil. Right now, prices tend to be hovering just below
$40.
Which means state budget cuts could be emerging if oil
prices avoid rebound.
"We originally believed we were going to end up from
55, 60, even 67 at the end of the year, " Hecht said. "I think right now if
we're at forty five or 50 we're going to become happy. "
Chevron introduced in late July it will get rid of 1,
500 jobs globally to cut costs. Shell is actually expecting layoff 6, five
hundred worldwide.
It's unclear the number of workers from either
organization will lose their jobs in the brand new Orleans area.
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