Wednesday, December 03, 2008

Mainland Gas Prices

florida gas pricesThe price of gas dropped considerably in the short time that I was in Florida. I don't think gas has been this cheap since the late 1990s. If you figure in a decade of inflation, I'm sure this is the cheapest gas we've had in two decades.

What is gas going for in Saipan right now? I think we are pretty close to paying double what they are paying in the Mainland.

The price of fossil fuels has been the number one reason for the decline in our economy. At one point we were paying $0.50 per kilowatt hour of electricity and $5.05 per gallon of gasoline. On top of that, unless you had a generator, businesses only had about 12 hours of power per day over the summer because our local utility, Commonwealth Utilities Corporation, lacked the capacity to keep up with demand.

Hopefully the drop in price of fuel will help our economy. Air travel will be cheaper and less of our incomes will go towards running the air conditioners and our cars. We'll have more money to spend on other important items, like video games and chicken kelaguen.

4 comments:

KAP said...

How much gas can you fit into your luggage? No carry-on, of course. It's a liquid.

Deece said...

I don't know how much gas is right now...$3 something. But at least it ain't $5 anymore. Here's to not paying $90+ bucks to fill up.

Lil' Hammerhead said...

Whew! At least I'm not the only one spouting off about this. It's dastardly. The island's economy crumbles.. and the oil companies take as much advantage as possible to reap exhorbitant profits. And they are reaping exhorbitant profits.. any excuses and talk otherwise is nonsensical jibber-jabber thrown out to confuse the masses and continue to befuddle our absolutely incompetent and unsophisticated legislature, Department of Commerce and AGs Office.

John said...

We certainly don't see US oil companies with their hand out looking for government help do we?