Shell gas stations on Saipan raised gallon prices of gasoline and diesel by 8 cents beginning midnight last night. <\/p>\n
It was the company’s seventh round of price hike this year, with the last price increase of 4 cents on Aug. 5.<\/p>\n
In an interview, Guam-based Shell president Phil Stalker said the latest price hike had actually been delayed in view of the recent typhoon that hit the islands.<\/p>\n
Shell prices per gallon are now $2.54 for regular unleaded, $2.64 for premium unleaded, and $2.64 for diesel.<\/p>\n
In a separate statement, Stalker said the increase was inevitable due to the continued price hike in crude oil globally and large regional demand.<\/p>\n
\u201cTwo forces continue to push our cost of supply upwards: first, globally, the price of crude oil is closer to $50 per barrel than $30 per barrel last August. Regionally, demand for refined products, principally from China, continues to outstrip supply. As a result, we again find it necessary to raise our prices,\u201d said Stalker.<\/p>\n
\u201cWe understand this will not be welcome news,\u201d he added, but \u201cwe remain committed to reversing recent trends as soon as market conditions permit.\u201d<\/p>\n
Mobil, which just increased its prices for the eighth time this year, the latest of which was on Aug. 19, offers premium gasoline for $2.61, regular for $2.51, and diesel for $2.49 a gallon.<\/p>\n
Mobil Tanapag, an independent dealer, however, offers higher rates for regular gasoline: $2.729 for full serve and $2.519 for self serve. For premium, it is $2.819 for full-serve and $2.619 for self-serve. Diesel is at $2.589 for full-serve and $2.499 for self-serve.<\/p>\n
Shell, which gets its fuel supply from Mobil, usually hikes its prices shortly after Mobil makes its own rate adjustment.<\/p>\n
Both Shell and Mobil have said that their fuel supply on Saipan remains stable.<\/p>\n
Mobil said Tinian still has ample fuel supply while Rota continues to ration gasoline and diesel due to delayed shipment. <\/p>\n","protected":false},"excerpt":{"rendered":"
Shell gas stations on Saipan raised gallon prices of gasoline and diesel by 8 cents beginning midnight last night. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83684","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/83684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=83684"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/83684\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=83684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=83684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=83684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}