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Gas predicted to hit $3 mark
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Posted on Apr 27 2020
Gas prices continue to drop and, according to various media outlets worldwide, we are far from the end.
Gas prices continue to plunge worldwide, with dozens of states selling gas below $1. In the CNMI, we are just 8 cents away from paying $3 per gallon of Regular or Extra fuel.
Various news articles say that this is not yet the end of the decline in gas prices since the world isn’t even near the light at the end of the tunnel which is the end of the COVID-19 pandemic.
Last Friday, Mobil Oil Marian Islands, Inc. reduced its gas prices by 10 cents, just a week since its last rollback, dropping its fuel prices from $3.18 per gallon of Extra fuel to $3.08, while its Supreme fuel price dropped from $3.63 a gallon to $3.53 a gallon. Mobil’s diesel also dropped by 15 cents from $3.76 per gallon to $3.61.
Shell Marianas followed suit, dropping fuel prices the following morning, Saturday.
Local motorist Grace Velena is happy about the continuous price drop since she, like many others, continue to go to work despite the pandemic. Gas prices continuing to drop is a positive thing for her, and many others in the community. “It doesn’t seem like much, but everything counts when we’re in a crisis. Lowering gas prices, for me, also lowers my expenses for the week and that’s already a big help,” she said.
