Business

DLCA Urging St. Croix Consumers To Boycott Gas Station Mini-Marts As Gas Prices Appear Fixed

ST. CROIX -- The Department of Licensing and Consumer Affairs, through a press release issued this evening, is urging consumers on this island to boycott the mini-marts of gas stations because they have failed to adjust the price of gas in tandem with world markets. These markets have seen precipitous declines from a year ago, with oil falling by over 50 percent to under $40 a barrel on Monday for the first time since the days of the global economic crisis on fears of a slowdown in the world economy, according to the New York Times. Already trading at six-year lows on a prolonged slump, U.S. crude fell $2.21 to finish at $38.24 per barrel. Oil hadn't closed below $40 since February 2009, although it briefly traded below that level on Friday. Monday's closing price was the lowest since Feb. 18, 2009. But local gas stations on the island have kept the price of gas steady at $3.39 per gallon, more expensive than some St. Thomas gas stations that have historically sold gas at hig...