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Shell matches Mobil gas price hike
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Posted on Jul 11 2008
High oil prices appear to have forced Shell gas stations in the Commonwealth to match the price hike Mobil stations made earlier this week.
The increase marks the second time in recent weeks Shell stations have matched a price hike by Mobil within the span of two or three days. Mobil increased its gas prices on Saipan July 7.
Prices at Shell stations rose Thursday, increasing 25 cents for regular, self-serve gas to $5.05 per gallon. Shell’s full service price for regular gas now stands at $5.18 per gallon. Premium gas prices saw a corresponding rise to $5.21 per gallon for self-service and $5.31 for full service. Diesel gas prices jumped 31 cents to $5.98 per gallon.
Experts attribute recent gasoline price increases to market fears over a possible military confrontation over Iran’s controversial nuclear program, sparking a price rally that brought per barrel oil costs to a record high of $145.85 on July 3.
Oil prices at press time stood at $141.65 per barrel, a $5.67 spike over prices at the close of the market Thursday.
Gas prices in the Commonwealth are far above the national average, according to data from AAA. Nationally, the average price on regular, unleaded gas per gallon was $4.10 at press time, six cents higher than the average price last month and more than a dollar higher than the average per gallon price in June of 2007, $3.06. The highest regular gas price on the U.S. mainland, AAA says, is now in Alaska, at $4.61 per gallon.
Shell officials did not respond to a request for comment on this story.
[B]NEW SHELL PRICES[/B] [B]REGULAR[/B] Self Service $5.05 per gallon.Full Service $5.18 per gallon [B]PREMIUM[/B] Self Service $5.21 per gallon.
Full Service $5.31 per gallon.
Diesel $5.98 per gallon.
