DILG Secretary Benjamin Abalos Jr. (File photo) MANILA - Department of the Interior and Local Government (DILG) Secretary Benjamin Abalos Jr. on Wednesday reminded local chief executives (LCEs) that the acquisition of luxury vehicles for their operations is not allowed. In a statement, Abalos said the procurement of motor vehicles should be done in the most efficient and economic manner with due consideration to vehicles that are cost-effective, fuel-efficient, environment-friendly, and at par with improvements and developments in the automotive industry and relevant technology. Abalos called on provincial governors, city/municipal mayors, village chairpersons and council members to exercise due prudence when purchasing motor vehicles and observe strict compliance with budgetary, procurement, and auditing laws, regulations and standards at all times. "Manatili po tayong matipid sa pagpili ng sasakyan lalo na't hindi pa tayo nakakabangon sa masasamang epekto sa ekonomiya ng pan
now at an average of $4.03 a gallon, nearing that $4 a gallon mark for the first time in months. and down from a peak of $5.02 in june. cnn chief business correspondent christine romans is with us now. more than 55 days of gas prices dropping in fact. will this continue? half the states are below $4 a gallon. i think you ll see that $4 national average in the next day or two. look, $4.03 a gallon down from $4.70 a month ago, but still above where it was a year ago. but well off that peak of $5. i think what it shows you consumers started to change behavior at $5 a gallon. you heard me say this, high prices cure high prices. people finding the way to use less gas. people finding a way to use the car in their driveway that s more fuel efficient. not the big suv. less demand for gas prices so we ll see gas prices come down