HOVENSA says it has enough gas to last through October
Published: August 20, 2013
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ST. CROIX - HOVENSA on Monday night released a statement saying that its current inventory levels likely will enable it to continue to sell wholesale fuel at its truck loading rack until Oct. 31 for some fuels and the end of the year for others.
The company's lawyer sent a letter last week to Gov. John deJongh Jr. - which was part of an exchange following the 30th Legislature's Aug. 7 decision to reject a proposed new agreement between HOVENSA and the government - saying HOVENSA plans to shut down its fuel loading rack once its current inventories of fuel are finished.
For several days, the company then refused to release any information to the public about how much fuel was left or when the shutdown of the truck loading rack might occur, saying the information is proprietary.
Although it released its new rack rates - the price of wholesale fuel sold at the truck loading rack for the week that started Monday - at the usual time on Friday afternoon, HOVENSA would not comment about whether that meant the rack would remain open through the week.
The Daily News reported the new rack rates - and the no comment - on Monday.
On Monday night, HOVENSA released this statement:
"In response to concern in the community that HOVENSA's inventories of motor fuel for sale at its truck loading rack may soon be exhausted leaving residents without fuels for their vehicles, homes or businesses, HOVENSA LLC stated that, at current inventory levels assuming the same sales volumes as have been experienced in previous months, the company has enough fuel in storage to continue sales at the loading rack until the following dates:
- October 31, 2013 for regular gasoline; and
- December 31, 2013 for premium gasoline, ultra-low sulfur diesel fuel, and jet fuel."
The announcement came on the eve of a special session the governor called for the 30th Legislature.
Senators are set to consider three funding issues - including one in which deJongh has requested a $5 million appropriation for a possible lawsuit with HOVENSA - when the session begins at 10 a.m. today in Ottley Legislative Hall on St. Thomas.
- Contact Joy Blackburn at 714-9145 or email firstname.lastname@example.org.