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Another 10-cent increase in gas prices
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Posted on Jun 14 2021
The increase in gas prices continues with the cost of fuel in the CNMI increasing by another 10 cents last week. (KIMBERLY B. ESMORES)
The surge in gas prices continues with the cost of fuel in the CNMI increasing by another 10 cents in just a little over a month.
Oil companies in the Marianas increased their prices of fuel per gallon over the weekend, with Mobil Oil Marianas leading the way early Friday morning. Shell Marianas followed Mobil’s lead early Saturday morning.
From $4.62 a gallon, Mobil Oil Marianas hiked its prices up to $ 4.72 a gallon for their Extra fuel. Mobil also raised their Supreme fuel from $5.07 a gallon to $5.17 while their diesel fuel also went up from $4.68 a gallon to $4.78.
A 20-year-old woman who was recently called back to work full time described the gas price increase as “the new normal.”
“It’s not a shock anymore. An increase in gas prices is just as normal as wearing masks now. Since the start of the year, we haven’t seen the price of gas go down yet,” she said.
A 57-year-old man who is in between construction projects said he just can’t deal with gas prices nearing the $5 mark.
“I used to be able to fill my tank up in under $40. Now it’s over $40 and, with the construction agency also taking a hit from delayed shipments in material, I’m on a tight budget and the increase in gas prices throws off the budget,” he said.
According to various media outlets, the increase in oil prices is brought on by a pickup in economic activity and subsequent demand for fuel.
As the nation transitions into summer time, the demand for fuel also increases due to people hitting the road and given the fact that this time last year, majority of the world was subjected to home quarantine, many are more than thrilled to be hitting the road.
The most common price nationwide is just one tenth of a cent below $3 compared to last year when the nationwide average price of fuel was a little below $2.
