From used car lots to city budgets, cheaper oil means a lot of changes

Energy Associated Press

Cheap oil doesn't only mean cheaper gas in the tank. Plummeting oil prices are also reverberating through the budgets of businesses, towns and schools, causing a lot of changes.

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The price decline means a car dealer in Illinois is shuffling the inventory of models he'll be selling. People will buy more trucks and fewer economy models. It means a school district in Wisconsin will provide more free iPads to students because of fuel savings. It also means some planned projects in a Southern California city may get delayed because of lost oil revenue.

Energy analyst Brian M. Youngberg says the pullback in oil prices has caught most everyone by surprise.