Oil companies have jacked up their gas prices once again by about 9 cents just two weeks after prices went up by about 10 cents.
The price of Shell Guam’s regular oil went from $3.99 to $4.08 on Friday, while premium gas went from $4.29 to $4.38. Mobil Oil and 76 gas stations followed suit over the weekend raising their prices as well.
At the current regular rate, it could cost about $65 to fill up an average car with a 16-gallon tank. Base it on an SUV and you could be spending closer to $90 to fill up your tank.
Oil companies seem to be going on a biweekly trend of raising gas prices. Gas prices also went up two weeks prior to the last rate hike on Dec. 28.
Dededo resident Alex Rivera said he spends an average of $30 per week on gas, but that doesn’t fill up his tank.
“I try to keep it once a week because I think with gas prices going up it will be a little bit more frequent so it will hurt my wallet,” Rivera said.
Phil Protasio, of Tumon, said he understands the price of oil goes up at times and this happens to be one of them.
But he believes oil companies on Guam should issue a 24 to 48-hour notice before they raise gas prices.
"If push comes to shove, ask the senators to enact a bill," he said.
Protasio, who drives a Dodge Ram, said because of the increase, he’s had to make changes to save money.
"This is a personal choice on my part and this is what I'm doing to save some money. There are some places I'd like to go to but I'll put it off and do everything in one shot," Protasio said.
According to Reuters, crude oil prices for February delivery settled at $91.54 a barrel, up by 14 cents, after trading from $90.10 to $91.69.