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Tuesday, July 7, 2009
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Letters | Opinion | Editorial | Weekend Report |
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Gas price increase for Shell service stations By KRYSTEL ROLLE ~ Guardian Staff Reporter ~ krystel@nasguard.com: The Ministry of Labour and Social Development has approved a price increase for gas sold at Shell service stations. On Wednesday, lead free gas per gallon at Shell stations cost consumers $4.21 -- 24 cents more than they were paying last week. The Ministry also approved the application for Shell stations to sell its gas per gallon for $4.37 in Freeport, Grand Bahama, $4.25 in other parts of Grand Bahama, $4.37 in Abaco, Andros, and Eleuthera, and $4.40 in all other Family Islands. The price of lead free gas at Texaco service stations stood at $4.25 per gallon yesterday. Esso stations had the highest prices, charging $4.30 per gallon. Minister of Labour and Social Development Dion Foulkes predicted last month that the price of gas would rise at the local stations as the price of oil on the international market increased. Yesterday, the price of oil hovered over $70. Motorists, who had become accustomed to paying under $4 for their gas, expressed dismay yesterday over the increase. Shelly Cartwright told The Guardian that she hoped that the price would remain stable during the summer months. "I really can't bare to pay more than I'm paying now. Right now anywhere I go I have to pay over $4. I know the price of oil is not something that we as Bahamians can control, but I hope that the local stations would hold off on increasing the prices further. I'm already paying enough for gas as it is," she said. Deangelo Hart, who lives in eastern New Providence but works on the western side of the island, said the increase is giving him nightmares. He said he still remembers the summer of 2008 when gas prices nearly reached $6 per gallon. "Even though the prices are lower this summer, there's always a chance that it could rise," he said. Minister Foulkes said any natural or man made disaster in oil-producing countries could fuel a rise in the price of oil.
Thursday, July 2, 2009 |
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