P.R. gas prices still below US levels
April 21, 2011
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.
The information and documents contained in “News is my Business” are property of this blog. You may not copy, distribute or use this information without the express written permission of this blog’s creator, unless it is for personal or educational purposes. Fees for commercial or for-profit use apply.
Author Details
Author Details
Business reporter with 30 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other segments of Puerto Rico’s economy.
