HOVENSA leaves gas prices unchanged
Published: August 25, 2014
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ST. CROIX - The wholesale price of gasoline in the territory did not change today, as HOVENSA evaluated its rack rates.
That means the price of fuel purchased wholesale at the HOVENSA truck-loading station on St. Croix did not change from last week.
Independent gas station operators in the territory will still pay $3.53 per gallon for regular gasoline, $3.73 per gallon for premium gasoline, and $3.45 per gallon for diesel fuel when they buy their fuel wholesale at HOVENSA. Those prices include the 14-cents-per-gallon tax that HOVENSA collects for the government.
The rack rates influence retail gasoline prices in the territory because independent gas station operators can buy their gasoline at the loading station, then resell it to their customers.
The rates are effective through Sunday.
On the retail side, average retail prices for gasoline in the United States declined slightly over the past week, dropping by about 2 cents per gallon from a week earlier for regular and premium gasoline, and going down approximately 1 cent per gallon for diesel fuel, according to the American Automobile Association's Daily Fuel Gauge report.
Nationwide on Saturday, the average retail price for regular gasoline was $3.437 per gallon and for premium gas was $3.809 per gallon, according to AAA. The average retail price for diesel fuel was $3.807 per gallon, AAA said.