Government

Wholesale Fuel Prices Fall 7%-8% While USVI Retail Prices Barely Move

Wholesale fuel prices supplied by SOL Petroleum fell by nearly 7 percent for gasoline and more than 8 percent for diesel over a 30-day period, while average retail prices across the Virgin Islands barely moved, according to the Department of Licensing and Consumer Affairs’ latest territory-wide fuel survey. SOL’s current wholesale rack rate stands at $3.34 per gallon for regular gasoline, $3.52 for premium and $4.60 for diesel. DLCA’s 30-day comparison shows regular falling from $3.59, a decline of 25 cents or 6.96 percent; premium dropping from $3.78, down 26 cents or 6.88 percent; and diesel declining from $5.02, a 42-cent or 8.37 percent decrease. The summary graphic on page 6 of DLCA’s report shows a much different pattern at the pump. Average St. Croix prices edged upward over the same period: regular rose from $4.310 to $4.317, or 0.16 percent; premium moved from $4.634 to $4.638, or 0.09 percent; and diesel increased from $5.422 to $5.446, or 0.44 percent. On St. Thomas, aver...