[permalink] Chicago, Dec 28 (TNS) - The Chicago Transit Authority is refusing an opportunity to alleviate commuting costs for hundreds of thousands in the Windy City's low-income neighborhoods. Instead of accepting deeply discounted fuel from the Venezuela-owned Citgo Petroleum Corporation, the city is instead raising fares to solve budget shortfalls.

In an October meeting with representatives from the Chicago Transit Authority (CTA), the city's Department of Energy and other city officials, Citgo unveiled a plan to provide the Chicago with low-cost diesel fuel. The company's stipulation, at the bidding of Venezuelan President Hugo Chavez, was that the CTA, in turn, pass those savings on to poor residents in the form of free or discounted fare cards.

But two months later, despite claims of a looming budget crisis, the CTA president "has no intent or plan to accept the offer," according to CTA spokesperson Ibis Antongiorgi. She gave no explanation. Read More

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