By Steve Thomas
Observer Nevis editor
(Basseterre, St. Kitts) – Maybe the price of gasoline has never heard of the laws of gravity. The price keeps going up and with oil breaking US$143 a barrel this week, it shows little inclination to come down.
The Ministry of Finance announced the latest maximum retail prices for unleaded gasoline as of July 1:
Delta Service Stations $18.59 per gallon
Shell Service Stations $16.27 per gallon
Texaco Service Stations $15.29 per gallon
On June 27, the ministry announced the maximum prices as:
Shell Service Stations $16.18 per gallon
Texaco Service Stations $15.29 per gallon
The July 1 price reflects a rise of over $5.50 per gallon since Dec. 6, 2007.
Here’s a review of how gas prices have fared since that date:
On Dec. 6, 2007, the prices were set by the ministry at these levels:
Delta service stations – $13.21 per gallon
Shell service stations – $13.32 per gallon
Texaco service stations – $12.15 per gallon
In a Dec. 19, 2007 release, the ministry set the following maximum prices for unleaded gasoline:
Delta service stations – $12.28 per gallon
Shell service stations – $13.32 per gallon
Texaco service stations – $13.07 per gallon
As of Jan. 9, 2008, the maximum retail prices for unleaded gasoline sold in the federation were as follows:
Delta service stations – $12.37 per gallon
Shell service stations – $12.40 per gallon
Texaco service stations – $13.07 per gallon
On Feb. 20, the maximum retail price for gas in the Federation as announced by the Ministry of Finance was as follows;
Delta Service Stations – $12.24 per gallon
Shell Service Stations – $12.71 per gallon
Texaco Service Stations – $13.18 per gallon
On March 4, the Ministry of Finance announced the following maximum prices:
Delta Service Stations $13.27 per gallon
Shell Service Stations $13.51 per gallon
Texaco Service Stations $13.18 per gallon
At that point, oil was selling for about $110 a barrel.
The prices announced by the ministry on March 26 were:
Delta Service Stations $13.27 per gallon
Shell Service Stations $13.79 per gallon
Texaco Service Stations $13.46 per gallon
On May 22, the prices were:
Delta Service Stations $16.15 per gallon
Shell Service Stations $15.70 per gallon
Texaco Service Stations $14.02 per gallon
