Archive for Gas Prices

Big Kahuna

Welcome To St. Thomas….

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Photo courtesy of J. Wright

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Big Kahuna

The Choke Hold On St. Thomas

Fuel.

Have you been listening to the news lately regarding gas prices? They’re going up and fast, we’ve had a .56 cent increase on the price of regular since January 1st. We typically average $1/gallon more than the stateside average. And they’re talking about seeing  $5/ gallon in the states. Can you imagine paying $6/gallon here?

What’s that mean for St. Thomas?

Everything and I mean everything goes up in price. It will cost more to ship stuff in which means a rise in food costs, products and the nail in the coffin….The LEAC. Add that to the fact that our only fuel supplier Hovensa will be done with us in June and to date a new supplier has not even been mentioned.

We pretty much live and die with fuel costs. Can you imagine the LEAC skyrocketing to over .50/kWh? Right now we’re paying .44/kWh, imagine paying say .54/kWh? What would a .10 rise mean to you? People can’t even pay the ridiculous .44 we’re paying now. If the average household uses 1000/kWh a month that would mean the average electricity bill at .54/kWh would be $540/month. Ouch.

My gas tank holds 18 gallons and I fill it once a week, sometimes twice. A dollar/gallon alone would add $72/month to my gas bill, double that as we have 2 cars so roughly $150/month just in gas increases. Then you’ll see a rise at all the grocery stores for the fuel increase and then again if the LEAC goes up.

Maybe none of this will happen, we can only hope. But if it does are you prepared?  What are your thoughts?

 

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