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Gas price rollback on Saipan
The CNMI saw its first gas price rollback of 20918 last week, a month following the aftermath of Super Typhoon Yutu.
Last Friday, Mobil Oil Marianas rolled back its gas prices by 10 cents.
That mean Mobil brought their prices down from $4.53 per gallon of Extra fuel to $4.43 per gallon and their Supreme fuel is down from $4.90 per gallon to $4.80.
Shell has yet to announce a similar price adjustment but both Shell and Mobil typically mirror each other when it comes to gas prices in the CNMI.
Just last Oct. 11, Mobil raised its prices by 10 cents, making it the fourth gas hike of the year. That came nearly four months since the last price increase.
The fourth price increase of the year boosted the price of Mobil’s Extra fuel from $4.43 per gallon to $4.53 per gallon, while Mobil’s Supreme fuel went up from $4.80 to $4.90 a gallon.
The first gas price hike of the year was a 13-cent increase implemented on Jan. 8, 2018, raising gas prices from $3.95 to $4.08 per gallon. That was later raised after a month by 15 cents on Feb. 5, 2018, which was the second gas hike of the year. Gas went from $4.08 to $4.23 per gallon. Three months later, on May 14, the third gas price increase was at 20 cents, raising gas prices from $4.23 to $4.43 per gallon.
According to Saipan Tribune archives, gas prices were at $3.48 in early 2016 and continued to increase until it reached $3.93 in December 2016. A decrease of 10 cents was seen in June of 2017 before it increased by 10 cents again in October 2017.
