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Mobil cuts gas prices by 5 cents a gallon
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Posted on Nov 22 2011
Saipan motorists have one other thing to be thankful for this Thanksgiving: A 5-cent a gallon reduction in gas prices.
Mobil Oil Mariana Islands reduced by 5 cents a gallon its regular and premium unleaded gasoline at 3pm yesterday.
Shell Marianas’ pump prices remained unchanged as of 7:30pm last night, but the two oil giants always mirror each other’s price changes.
Mobil’s regular unleaded gasoline is now $4.709 a gallon, down from $4.759 a gallon.
Super unleaded gasoline now costs $5.029 a gallon at Mobil, down from $5.079 a gallon.
But the price of diesel at Mobil remains the same at $5.219 a gallon.
Omar Ajoste, a Chalan Kanoa resident, said while he’s thankful for a 5-cent relief, he thinks the pump prices of gas on island are “still high.”
“It should be less than $4,” he said in an interview last night while buying $10 gas for his sedan. He said a $10 gas will last one to two days, depending on where he drives.
Ajoste, just like other motorists, didn’t notice the 5-cent drop in prices until he was asked about it.
The last time Saipan motorists had a gas price change was in July—a 10-cent a gallon increase in pump prices of regular and super gasoline and diesel.
Retail pump prices are affected by a combination of factors, which include internationally traded wholesale prices, operating and capital cost, distribution costs, taxes and duties, currency exchange rates, and market competition.
