Home News Local news THERE'S TALK OF A PROBE OF HIGH FUEL PRICES

THERE'S TALK OF A PROBE OF HIGH FUEL PRICES

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A major investigation may soon be launched in the retail pricing structure for gasoline on St. Thomas and St. John, reaching beyond prior probes into the high cost of motor fuel in the district.
WVWI/Radio One quoted unnamed sources on Tuesday evening as saying that the effort will be aimed at determining whether dealers who ought to be competitors are actually collaborating to set prices. They were quoted as saying the investigation may involve federal authorities.
Sen. David Jones of St. Croix recently threatened to bring charges of price fixing unless dealers voluntarily lowered their price per gallon by 15 cents. No rollback has occurred.
One industry source told Radio One that service station owners are waiting to see what action will be initiated before they act.
Although the report suggested that some initiative is imminent, no timetable was given.

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