August 2011

39 posts
GPS Tracking System Busts County Employees at Golf Course

Earlier this year in Muskegon Cunty, Michigan, rumors were spreading that city employees were not working when and where they said they were. A county judge, John Ruck, became suspect after hearing rumors that a handful of city employees were misusing city vehicles and decided to take action.

He rallied enough support and money from the county and the state to purchase several vehicle tracking systems. Ruck then ordered someone to install the tracking systems inconspicuously in the trunk of several county owned fleet vehicles. The GPS tracking systems started gathering information in June.

Court administrators reviewed the vehicle tracking system data for several weeks looking for discrepancies. According to Ruck the process was simple – look at the employee’s time card and where the car they checked out was located.

Then lo and behold, the GPS tracking system data revealed that three county workers were not working while on the clock. One spent several hours at a golf course, another at the gym. Both resigned when confronted about the abuse. A third employee, whose error was not as egregious, is going to be disciplined.

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US Debt Concerns Puts Pressure on Oil and Gas Prices

US debt concerns are fueling rising gas prices. Now speculation that fuel prices could go much higher if the government cannot come to an agreement about raising the debt ceiling.

Currently gas prices are averaging $3.70 a gallon in the US. Oil prices fell below $97 per barrel as US leaders failed to agree to lift the government debt limit just hours from a deadline, leaving investors to consider worst case scenarios if a default occurs. By the early afternoon on Friday, crude oil rose 4 cents and closed at $97.44 on the New York Mercantile Exchange.

According to the AAA Fuel Gauge Report: Default or a downgrade of the U.S. credit rating would have far-reaching consequences for the U.S. economy. These consequences would likely affect crude oil prices with pressure in two opposing directions. A weakening U.S. economy likely means a weaker U.S. dollar. As discussed, when the dollar weakens, crude oil prices are expected to see upward pressure as the product becomes relatively cheaper.

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Gas Prices Up 15 Cents in Last 30 Days

Currently a gallon of unleaded regular gasoline is averaging $3.70, up one cent from last week and up 15 cents in the last 30 days, according to the AAA Fuel Gauge Report. Diesel gas prices are currently averaging $3.89 per gallon, up one cent in the past week and up 6 cents in the past month.

This was the third consecutive week crude oil prices were under the increasing influence of worldwide debt concerns. Crude has traded near USD 97 for the last few days as investors wait for an outcome of the debt limit talks. Most analysts said that US debt default is still very unlikely but if it happened would devastate the economy.

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