Sun Oil Limited, formally Shell, adjusted its pumps yesterday and as a result consumers in New Providence are paying $4.06 for lead free gas, instead of the previous $4.59. Diesel users are now paying $3.52 at pumps in the capital. These figures represent a 53 cents drop in the overall cost of gas. <\/p>\n
In Grand Bahama, however, motorists are still paying $4.59 at service stations, but with news of lowered prices in New Providence drivers are anxiously awaiting changes at local pumps. <\/p>\n
A spokesman at Freeport JetWash late Wednesday afternoon told The Freeport News that no information was forthcoming from their supplier with regard to adjusting prices at their pumps. <\/p>\n
“In talks with people at the suppliers, I’ve learned that if there are any adjustments it may take up to a week or more,” disclosed the spokesman. <\/p>\n
Meanwhile, prices at Freeport JetWash pumps remain at $4.59 and $4.51. <\/p>\n
“I am constantly inquiring about lowering prices,” added the spokesman. <\/p>\n
Several calls were made to Freeport Oil Limited (FOCOL) for executive Stephen Adderley, who promised at 4:19 p.m. to return a call. However, up to print time Adderley was still unavailable. <\/p>\n
Last week the price of crude oil dropped $13 per barrel primarily as a result of Middle Eastern politics. <\/p>\n
That fall in prices saw international consumers paying an average of $2.96 for regular gasoline per gallon. And, according to the AAA of Northern California Auto Club, prices were dropping by a penny per day. <\/p>\n
The international average for gasoline has dropped 14 percent since its summer high and some states have seen an eight percent decrease. <\/p>\n
Throughout The Bahamas, in May gas prices sky-rocketed, after suppliers received permission from Government to increase the prices at the pumps. <\/p>\n
Motor vehicle operators complained, but they still paid what they called the “exorbitant” price, as prices climbed from the $3 bracket to nearly $5 in a six-month period. <\/p>\n
Suppliers like FOCOL had to pay the high cost per barrel and the increase trickled down to the consumer. <\/p>\n
However, with oil closing at $63.76, on the New York Mercantile Exchange, its lowest level since March, it is expected that gasoline consumers in Grand Bahama will get some relief at the pumps shortly.<\/p>\n
By BARBARA WALKIN, Senior Freeport News Reporter<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"
Grand Bahama motorists have yet to feel the effects of lowered gas prices, despite a huge fall in numbers at pumps in New Providence which became effective Wednesday.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[],"tags":[],"class_list":["post-243415","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/243415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=243415"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/243415\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=243415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=243415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=243415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}