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Charlotte Amalie
Monday, February 26, 2024
HomeNewsArchivesThe Government Could Reduce Fuel Prices More

The Government Could Reduce Fuel Prices More

As anyone can clearly see the high price of fuel is due to retailers who are making around $0.80 a gallon. On the main land most retailers make around $0.08 per gallon. I know that the retailers have to add 4% gross receipt tax, about $0.08 per gallon, and we pay more here for power, I'll be generous and add another $0.10 per gallon for power. I think that a profit and overhead around $0.25 per gallon. I come up with a grand total of $0.43 per gallon plus the wholesale price of $1.68 per gallon and we should not be paying more than $2.11 per gallon. Every time I fill up at the gas station I get around 18-20 gallons of gas and at the current price of $2.48 per gallon I pay almost $ 50.00 and the retailer gets a profit of about $16.00. That's right $16.00 from just me. If the retailer charged around the $2.11 per gallon his profit would be around $8.00.So if the V.I. Government really wants to help us out with the high cost of gas the best place to start is at the pump. Thank you,
R. Greenough
St. Croix

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