Gas down 10 cents again

The CNMI continues to see a drop in fuel prices with Mobil Oil Marianas leading the way with a 10-cent drop in its fuel prices.

As usual, Mobil Oil Marianas was the first to drop their prices but Shell Marianas is expected to follow suit today. The two companies typically mirror each other’s price adjustments.

With this latest decrease in prices, Mobil now charges $5.46 per gallon of Extra fuel; it used to charge $5.56. Mobil also dropped its Supreme fuel prices from $6.01 to $5.91 while diesel went from $6.18 to $6.08.

Fuel prices have only continued to drop since the end of September.

Earlier this month oil companies dropped fuel prices from $5.66 per gallon to $5.56.

Prior to that, oil companies dropped regular fuel prices from $5.76 per gallon to $5.66.

The downtrend came after a string of increases in the last few months.

The first increase was seen back on July 19. After more than two months of steady fuel prices, Mobil Oil Marianas broke the streak with a 15-cent increase. Regular fuel went up from $5.11 per gallon to $5.26 per gallon.

Less than a week after, on July 25, Shell Marianas surprised the CNMI community when it took the lead in implementing a 10-cent increase that brought regular fuel prices up from $5.26 per gallon to $5.36.

Again, less than a week after, on Aug. 2, gas went up 15 cents. With the previous increase, fuel went up from $5.36 per gallon to $5.51.

Following the Aug. 2 increase, local oil companies raised their prices again in a little over two weeks by 5 cents, with fuel increasing from $5.51 per gallon to $5.56.

After over a week, local oil companies raised prices again by 10 cents, from $5.56 per gallon to $5.66.

Soon after, local oil companies raised their prices again by 10 cents, bringing regular fuel up from $5.66 to $5.76 per gallon.