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Jun 18, 2018

Fuel Prices Increasing Yet Again

There are back to back changes to fuel prices announced within days of each other. The latest is a slight increase in the price of premium which goes from eleven dollars and sixty-seven cents to eleven dollars and seventy-one cents per gallon. That takes effect at midnight.  After a number of price increases since the start of the year that have sent fuel prices soaring, over the weekend, there was finally a dip in the price for regular fuel.  At the pumps, the price of regular is eleven dollars and two cents, down by thirty-three cents. The last price change for regular was in May, when it went up by twenty-one cents. On June seventh, Government promised to lower costs at the next shipment, saying (Quote) “it is certain that the next shipment of fuel products, which is due toward the end of next week, will result in markedly lower prices at the pump.” (Unquote) So tonight, regular is down, but premium is up.  The high fuel prices which have had an impact on the cost of living have been a thorn for consumers across the board. The Chamber of Commerce has already decried the high cost of fuel making the point that the landed cost of fuel is lower that it was in May 2014 when world oil prices were higher.

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