P.R. gas prices still below US levels

Written by  //  April 21, 2011  //  Economy  //  No comments

Despite their steady climb in recent weeks, island gasoline prices still remain below stateside levels.

As the price of gasoline officially soared to more than $4 a gallon in six U.S. jurisdictions, and counting, the price for gasoline in Puerto Rico remained slightly below that threshold over the weekend.

Over the weekend, the average price for regular unleaded fluctuated between .95 cents to $1.03 a liter at San Juan metropolitan area pumps. There are about four liters to a gallon, translating into between $3.59 and $3.89 for regular unleaded. Premium gasoline prices are hovering at about $1.04 per liter, or $3.93 a gallon.

On Sunday, New York became the latest addition to the list of states, along with Alaska, California, Connecticut, Hawaii and Illinois, where the price of gas has already hit the $4 mark, the Associated Press reported.
Other states, including Michigan, Indiana, Nevada, Washington and Wisconsin, are on the brink of joining that alarming list.
The national average for gas has increased consistently for the better part of last month, and is now at $3.83 per gallon — pinching the pockets of already weary Americans who are facing their federal tax return filing deadline today. Prices over the weekend were the highest they have been since the summer of 2008 when oil rose to $147 per barrel and gas prices reached $4.11 a gallon, the AP said.
The price of crude closed at $109 per barrel on Friday.
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