Shell lowers prices by 15 cents—again

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Posted on Dec 22 2008
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Shell Marianas lowered pump prices by 15 cents a gallon, marking the second time this month that the company decreased its gas and diesel prices.

Shell Marianas president Eloy Lizama, in a company statement, said, “Shell has lowered the price of Shell Unleaded, Shell V-Power gasoline, and Shell Diesel fuel as of 12:01am this morning, Dec. 23. Shell’s average market cost of Regular Unleaded, V-Power, and Diesel fuel products have continued to ease allowing Shell to pass the savings onto our customers.”

Based on previous figures, Shell’s move brings pump prices on Saipan to $2.83 a gallon for regular unleaded, self-served gas and $2.96 a gallon for regular, unleaded gas with full service. Premium, or Shell “V-Power,” gas prices fell to $3.15 a gallon self served, and $3.37 a gallon with full service. Diesel prices came down to $3.60 a gallon.

Shell last cut its prices on Dec. 10 also by 15 cents.

There was no immediate word if Mobil Oil Marianas will also lower its prices but the two companies have traditionally mirrored each other’s price movements. Mobil does not usually make media announcements about price changes.

Meanwhile, the average price of regular gasoline Friday was $1.66 a gallon across the U.S. This after the average fell 9 cents in the past two weeks, bringing it to its lowest point in nearly five years, according to a national survey.

[B] NEW SHELL PRICES

SELF SERVICE[/B] Regular $2.83
Premium $3.15

[B]FULL SERVICE[/B] Regular $2.96
Premium $3.37

Diesel $3.60

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