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Fuel prices drop again in just one week
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Posted on Apr 20 2020
Fuel distributors continue to lower their gas prices with their fourth gas rollback in a month.
Mobil Oil Mariana Islands, Inc. reduced its gas prices again last Friday, just a week following their last rollback and their fourth since the COVID-19 outbreak in the CNMI.
Mobil reduced its gas prices by 10 cents Friday, dropping their fuel prices from $3.28 per gallon of their Extra fuel to $3.18, while their Supreme fuel dropped from $3.73 per gallon to $3.63 per gallon. Mobil’s diesel also dropped by 15 cents from $3.91 per gallon to $3.76.
Shell Marianas followed suit, dropping fuel prices the following morning, Saturday.
According to 26-year-old local motorist, who wanted to remain anonymous, seeing gas prices continue to roll back is a relief for many, including himself.
“It’s good. The lowering of gas prices is also a huge help to the community because it lessens our expenses,” he said.
However, many, like himself don’t need to fill their tanks as often since everyone is scared of the COVID-19 threat.
“Currently, I don’t drive as much as I used to because we’re all trying to avoid going out in order to steer clear of the virus for our safety and for the safety of others,” he said.
The motorist, who only arrived on Saipan back in 2016, said that he is impressed to see the price of gas so low because he remembers gas being over $4 when he first arrived on island.
“I think this is the lowest gas prices I have been since I arrived on island,” he said.
According to various media outlets, the decline in gas prices is not a good sign because it shows how depressed the economy has gotten as a result of COVID-19.
Additionally, even with prices dropping below $1 in other parts of the United States, there is nowhere to go so many don’t even need fuel.
