Truth you ask a question many have been asking for awhile now. Let me also add that any hope of that new head quarters completing any time soon, has all but disappeared. Anyway I suspect the next few weeks will see revelations of corruption and wanton waste, at apua, being revealed to the public

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Just wait until you get your next power bill from APUA, somebody is going to have to pay for the $1.2 million dollars a week they have to pay APC and its going to be us!!

Since we currently pay one of the highest charges in the Caribbean for our power can somebody tell me where the money has gone? Which incompetent, corrupt government official is prospering while we suffer?

Everywhere else in the world - diesel is CHEAPER than gasoline -and what better way to stimulate the economy than to REALLY reduce diesel prices at the pump? All would benefit with reduced transport and construction sector costs!

It is time for people to stop talking and take action. Why is it that prices for everything here is so hi. When things happen, all we do i mutter about it and that is it. Why? That is why they can do anything and answer to no one.

Grandpa said it’s nothing new. Price gorging happened in his time. He said that there was a time that Moody Stuart and his sugar gang of Planters used to ship mol** or bulk sugar from Antigua to England for refinement into white sugar then ship the sugar back to Antigua and sell it very expensive like the oil gang doing now with the gasoline. If crude oil can be shipped to Antigua and it is refined here then the price would be cut in half. The price gorging could lead to another 1918 in Antigua. See link below.
antiguahistory.net/Documents/1918riots.pdf

If you were to factor in the current cost of wti crude 93.40. The cost attributed to world oil prices is $6.03 EC per gallon. This then means that whatever added costs ($8.96 EC per gallon based on 14.99 pump price) the government and other middle men has added are around 130% more than the oil component.

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Contractor well said. When you take the time to examine the cost of oil on the price of fuel at the pump, its clear that we are indeed being taken to the cleaners. www.thepriceoffuel.com/whataffectsfuelpricing/ states:

Quote:

Crude oil prices are important in determining gasoline prices because crude is the primary raw material used to produce gasoline and other petroleum products. In some cases, the price of crude oil may account for up to half the price of a gallon of gasoline. Example: There are 42 gallons of oil in each barrel of oil. If the price of crude oil is $75 a barrel, the cost of the raw material required to produce a gallon of gasoline is $1.78. This figure does not include costs incurred to transport crude oil to a refinery, refine the oil into gasoline, transport the gasoline to distribution hubs or wholesalers, deliver the gasoline to retail locations or operate service stations.

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This is suppose to be some "major" relief of some kind? Give me a break. U.P.P. MASH UP THIS COUNTRY AND WASTE ALL OUR TAX DOLLARS AND NOW TRYING TO LOOK SYMPATHY? Give me a break. U.P.P. MUST GO.

Very good question that can be answered in only one word: revenue. The price is periodically manipulated to increase revenue for the gov't, but if they ever tell you the honest/plain truth they would be doing themselves an injustice. Therefore, they will give you a bunch of obscure language in an attempt to justify their actions. You would be better off contacting PetroCaribe and find out the true source to market cost for verification.

The 80cts reduction cant even buy a bread, the gas can still be cheaper,these people are just robbing us blind,look at the fuel variation on the electricity bill,and all you can hear is GLOBAL.They are just wicked,we need them out now.

Contractor - We do not have bananas, rice, and sugar to pay back Chavez. He has sand and tourists flooding his north Caribbean beaches so is that why we in Antigua paying so much cash for the oil?

I will take any decrease I can get although I wished it was more. Based on the price on the international market this decrease is overdue and should be more but i will take it since gas price killing me.

10 cents wow ,,we need it back down were it was

The price should never be this high in the first place. The question is - If Antigua is still getting the Petrocaribe oil deal from Venezuela where the oil is bought at market value and only a certain amount of cash is paid up front to Venezuela and the remainder will be paid through a 25 year financing agreement on 1% interest according to terms on the link below, why are we paying so much for gas today? Where is this oil really coming from - Venezuela, and then shipped to China for refining under the pass through mechanism for fuel prices then shipped all the way back to Antigua? Please help me to understand this deal because oil still very cheap in Venezuela. The link below tried to explain but I am still lost why we will be paying $14.99 per gallon on Monday.

en.wikipedia.org/wiki/Petrocaribe