Yesterday regular gas was $2.98 at Giant, Race Track, et al. Today same stations charging $3.67.
It was the weirdest thing. I noticed the 2.98 yesterday morning, and when I was leaving town before 6 p.m. it was 2.98. I told my friend about the low price and he said that was not the price. When we got to town this morning, they all had $3.67!
Thank goodness I had a witness to the $2.98 or I would think I was losing it!
If I see low prices again I'll post.
Here's a STT Source article that says we pay$1.50 more per gallon than PR.
I was in Puerto Rico this weekend. I filled up the rental car @ $2.11 per gallon for regular. I saw it as low as $2.02. The article from the source is accurate.
The market in the Caribbean is nowhere near as volatile as in the USA. I lived in Puerto Rico and STX for several years. PR moves up and down just a bit faster (not as fast as in the mainland) and the prices vary greatly from on place to another, the later very similar to the USA. It is worth noting that the government in PR monitors both the retailers' costs and prices. If you find something odd about the price, just call the Dept. of Consumer Affairs, and they jump them immediately. The fines are very hefty.
Here in Ohio, I've seen the price change up to three times during a 12 hour period at the same gas station.
I hope the VI Govt. is not only looking at the retailers but also at the distributors. One of them is Bunkers of St. Croix. Where are you Mr. Mapp?
Oh well, I will back in STX on the 23rd this month. After seeing the price over $4 a gallon for the longest time, $3.63 may "seem like a bargain".
I know they are doing an "inquiry" on the gas stations, but I am wondering if they are doing the same with the distributors/importers. I am only relying on the articles I've read online and they only speak about retailers. In PR they caught distributors doing price gouging very conveniently on different retailers. The fine was $10k for each instance. The retailers were screaming foul and called consumer affairs to intervene.
I give them credit for acting on it, though.
A huge disadvantage in the VIs is that gas stations are privately owned, unlike most in PR which are independently owned franchises. Hence, bound by the franchise rules of unfair competition within certain distance from each other.
What happened is that the station across from Gasworks in Bovoni put out a sign advertising a 2.99 special 3 days a week (I think T, T, Sat, but may be mistaken) about 2 weeks ago. After a week of this several other stations, like Giant Gas near Havensight started matching them, so now there are a number of stations that have $2.99 gas 3 days a week and $3.67 gas the other 4 days a week (the same days). Quite interesting.
Don't count on it.
But do count on the doom and gloom of negativity? Glass half empty/half full! Hope Hometown is still low tomorrow as I have to go by there! 😀
they were just filling underground storage tanks today and had just changed signs. I think lower prices are here to stay for a bit at least
I'll just throw in that I have worked in the marine industry delivering gas to STT from PR and the cost of ocean freight on a barge of gasoline last I checked (1995) was 5 cents/gal, while the price differential between STT and pretty much anywhere else was over a dollar/gal. As an interesting aside, during that time no gasoline came from HOVIC to STT, despite the popular belief that Hess/HOVIC/HOVENSA supplied the entire region.