By Steve Thomas
Observer Nevis Editor
(Charlestown, Nevis) – With international oil prices topping US$135 per barrel, increases are being felt by consumers around the world.
In Nevis, the Ministry of Finance has announced the latest maximum prices for unleaded gasoline:
Delta Service Stations $16.15 per gallon
Shell Service Stations $15.70 per gallon
Texaco Service Stations $14.02 per gallon
Although this is not a huge increase over the last announcement, the impact of the steady uptick in oil prices is easy to see by looking back to the end of last year, when the prices looked like this –
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
Today, the average price of a gallon of unleaded gas is $15.29. On Dec. 6, the average prices was $12.89.
Overall, the average price has risen $2.40 per gallon.
Here is a look at how prices have progressed:
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 Wednesday, Jan. 9, the maximum retail prices for unleaded gasoline on Nevis 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
The average maximum price was $12.71 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
That week, the average price was $13.32 per gallon.
On March 26, the prices were:
Delta Service Stations $13.27 per gallon
Shell Service Stations $13.79 per gallon
Texaco Service Stations $13.46 per gallon
The average price was $13.50 per gallon.
