Business

The Rising Cost Of Food And Gas Takes Center Stage At Senate Hearing

ST. THOMAS -- Rising food and gas prices, the establishment of processing plants on both St. Thomas and St. Croix, and other issues affecting consumerism in the territory were discussed, during the first meeting of the Committee on Workforce Development, Consumer Affairs and Culture—held at the Earl Ottley Legislative Chambers on St. Thomas on Tuesday. During the meeting, Senate President Myron D. Jackson addressed the expressed concerns of residents about irregular pricing at major grocery stores and gas stations in the territory. “We believe from our investigations and likewise the calls of our constituents that there is an issue,” said Mr. Jackson. Businesses have in response cited that their prices are a result of outrageous shipping and electricity costs they must endure. Mr. Jackson noted that unlike a century ago, most of the food coming into the Virgin Islands is imported. Mr. Jackson then pointed to legislation in the form of Bill No. 31-0091/Act No. 7747 to establish processi...