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STX Gas Price

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CruzanIron
(@cruzaniron)
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So then it isn't only Hovensa charging a higher rack rate. Seems like Puma is also.

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Posted : November 12, 2014 10:29 am
Rowdy802
(@Rowdy802)
Trusted Member

So then it isn't only Hovensa charging a higher rack rate. Seems like Puma is also.

You are presuming that. There is no information to confirm it. I can also presume they get a better price from Puma and still use a higher market price to get better profit margins. I don't have enough information.

The price of gas in Puerto Rico is about $3.00 for regular and about $3.40 for premium as provided by a friend of mine.

It would be up to the VI Government to open an inquiry.

Anyway, this thread is about "STX Gas Price". I don't intend to hijack it anymore than it already has been...

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Posted : November 12, 2014 11:33 am
CruzanIron
(@cruzaniron)
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Rowdy, I was only pointing out that there are more factors to the STX rack rate than people realize, like timing and volumes. And if STT also has high prices, then maybe there is a legitimate basis for the Hovensa rack rate. I wonder what the prices are on other Caribbean islands that also have to import gasoline.

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Posted : November 12, 2014 11:41 am
Rowdy802
(@Rowdy802)
Trusted Member

Rowdy, I was only pointing out that there are more factors to the STX rack rate than people realize, like timing and volumes. And if STT also has high prices, then maybe there is a legitimate basis for the Hovensa rack rate. I wonder what the prices are on other Caribbean islands that also have to import gasoline.

No... it is quite alright... 🙂

It is an interesting topic. PR has no refineries, they do have three tank farms that I know of, and I was told they get a lot of gasoline from Europe. They also do have a gas tax at the pump which is quite high, yet, their prices are much lower than ours.

Hovensa may say they are the "mercy" of their suppliers, but, IMHO, they use a convenient math to bleed us at the pump and not give a rat's ass about the market tendencies in the USA.

P.S. I just don't like hijacking the threads. It is just the way I am.

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Posted : November 12, 2014 12:04 pm
STXBob
(@STXBob)
Trusted Member

For me, the issue is not so much the high gas prices on STX, it's more the blatant price-fixing. Obviously it's happening, otherwise gas stations would offer different prices as they adjust to the wholesale price changes and as they try to compete with other stations.

Edited to add: Near Sunny Isle, there's a gas station called "Gas For Less." It ain't, because it's not allowed.

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Topic starter Posted : November 12, 2014 12:13 pm
vicanuck
(@vicanuck)
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I wonder where our fuel supplies will come from when Hovensa closes for good in December?

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Posted : November 13, 2014 11:05 am
CruzanIron
(@cruzaniron)
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The gas stations had previously stated that they had alternate suppliers set up when the 4th agreement was in jeopardy. I would think that same plan will stand. But since there won't be storage or a loading rack, they'll have to send tankers to PR (possibly) and ship them back. You can bet that is going to make prices go through the roof.

The government can't just 'take over' the rack since they don't have the licenses, permits nor experience (ability) to do so.

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Posted : November 13, 2014 11:16 am
Alana33
(@alana33)
Expert

Got gas yesterday at lowest price in ages. $4.389 at both Sugar Estate gas stations by Post Office. Usually runs at $4.599 with the extremely rare occurrence of a reduction to $4.489.

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Posted : November 13, 2014 11:25 am
captpete
(@captpete)
Advanced Member

several years ago HOVENSA management in charge of the rack required all the gasoline stations on the island of St Croix to install fax machines in their stores so that HOVENSA could sent their price changes, listing price and availability along with the transport company's delivery schedule....this could easily lead to all stations receiving the "new price" in a bulk fax...for which the dealers all set their new prices.
this was told to me by one of the stations when he was getting a new phone line installed for the fax machine!

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Posted : November 13, 2014 3:13 pm
rmb2830
(@rmb2830)
Advanced Member

several years ago HOVENSA management in charge of the rack required all the gasoline stations on the island of St Croix to install fax machines in their stores so that HOVENSA could sent their price changes, listing price and availability along with the transport company's delivery schedule....this could easily lead to all stations receiving the "new price" in a bulk fax...for which the dealers all set their new prices.
this was told to me by one of the stations when he was getting a new phone line installed for the fax machine!

even 10 years ago, folks I knew who owned a station would get the info on a Friday, for changes as of Monday or Tuesday. They would tell friends etc, if price was going up, but then said they would wait until after Monday to see what the others would post as new price so they could change theirs accordingly.

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Posted : November 13, 2014 3:19 pm
vicanuck
(@vicanuck)
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This is how it is everywhere I've lived including Canada.

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Posted : November 13, 2014 4:03 pm
STXBob
(@STXBob)
Trusted Member

Until about 2 years ago, STX gas stations used to charge different prices. There was even a thread on this forum to report the different prices. Now they set it (all on the same day, all for the same price) and forget it for months, in spite of the wholesale price changing weekly.

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Topic starter Posted : November 13, 2014 4:10 pm
klpmtm
(@klpmtm)
Advanced Member

And what is sad is that the price of gas is falling drastically here on the mainland. In California, San Diego, I just saw gas for $3.07 a gallon. There was even an article saying the oil companies are upping their production so the price of gas will continue to drop into next year! I'll see if I can find the article from this morning.

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Posted : November 13, 2014 10:19 pm
klpmtm
(@klpmtm)
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Alana33
(@alana33)
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Must be nice to have those low prices!

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Posted : November 13, 2014 11:58 pm
Scubadoo
(@Scubadoo)
Trusted Member

The gas stations had previously stated that they had alternate suppliers set up when the 4th agreement was in jeopardy. I would think that same plan will stand. But since there won't be storage or a loading rack, they'll have to send tankers to PR (possibly) and ship them back. You can bet that is going to make prices go through the roof.

The government can't just 'take over' the rack since they don't have the licenses, permits nor experience (ability) to do so.

What does STT do for gas? Is there a tank farm there?

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Posted : November 14, 2014 2:00 am
vicanuck
(@vicanuck)
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We'll never see much lower gas prices once Hovensa closes the rack at the end of December. Unless of course the senators sign off on the ABR deal.

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Posted : November 14, 2014 11:32 am
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