Once again I have to complain about local gas prices. Early this year the price of oil reached $109 a barrel, but more recently it has fallen to $85 a barrel.
In line with cheaper oil prices the average cost of gas at the pumps in the US has fallen from $3.83 to $3.44 a gallon since early September. So what has happened to our gas prices? Well at my gas station I was paying $5.61 a gallon for premium in early September, but now (as of 15 November), I am paying $5.85 a gallon! So whilst US prices have dropped 46 cents a gallon, ours have INCREASED by 29 US cents a gallon.
The local consumer is clearly being exploited by the local oil companies and once again I call on Government to investigate this problem as the private sector does not have the advantage of being able to fill up on GuzzleBoy.