SINCE DECEMBER, GAS HAS INCREASED $2.40

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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.