HOVENSA adds 6 cents to price of regular gas, 3 cents to premium
Published: August 26, 2013
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ST. CROIX - Wholesale gasoline prices in the territory edged upward today as HOVENSA adjusted its rack rates.
The changes raised the rack rates - the price of fuel purchased wholesale at the HOVENSA truck-loading station on St. Croix - for regular gasoline by 6 cents per gallon, for premium gasoline by 3 cents per gallon and for diesel fuel by 7 cents per gallon.
Under today's adjustments, independent gas station operators in the territory now are paying $3.36 per gallon for regular gasoline, $3.60 per gallon for premium gasoline, and $3.57 per gallon for diesel fuel when they buy their fuel wholesale at HOVENSA. Those prices include the 14-cents-per-gallon tax that the refinery collects for the government.
The rack rates influence retail gasoline prices in the territory because independent station operators can buy their gasoline at the loading station, then resell it to their customers. The new rates are effective through Sunday.
On the retail side, average retail gasoline prices in the United States on Thursday were barely changed from a week ago, according to the American Automobile Association's Daily Fuel Gauge Report.
The average retail gas price in the United States on Thursday was $3.536 per gallon for regular, $3.873 per gallon for premium, and $3.878 per gallon for diesel fuel, according to AAA.