Pain at the pump as oil soars
(CNS): With world oil prices soaring due to the growing unrest across the Middle East, the international price hikes will be hitting local pumps today (Thursday), according to the petroleum inspectorate. While people are still reeling from the government’s 25 cents duty increase last summer, drivers will soon be feeling more pain at the pump as they pay as much as CI$5:25 for a gallon of fuel, and it won’t stop there. With oil passing $102 per barrel on Wednesday, customers can expect another ten cent increase when the next tanker docks. The cost of fuel has a direct impact on all goods as well as the cost of power from CUC and CBP&L, leading to an increased likelihood of price hikes everywhere as global experts say oil prices could still climb further.
Oil prices jumped 2.6% Wednesday to close above $102 a barrel for the first time since September 2008 before dropping back slightly to just over US$101 but predictions are for further increases.
With the local economy still in the doldrums and a 10% unemployment rate, today’s 10 cent increase will bite hard for most people in Cayman and will do little to improve matters in the local economy. According to the latest local consumer price index figures from the ESO, inflation in Cayman was up 0.3% at the end of 2010 despite the recession. Transportation costs alone increased by over 8%, with the average price of fuel and lubricants up by 25%, according to the December 2010 figure.
One local environmentalist said that the increase in world oil prices demonstrates that Cayman really needs to lessen its dependency on oil instead of considering the installation of its own an oil refinery.
“Having our own oil refinery wouldn’t help in these circumstances as the crude oil would still be purchased at these high rates,” the source stated. “We need to seriously rethink our dependency on oil and move towards greener sources of energy now.”
Category: Headline News
The buses on this island are second to none and if more people used their bikes there would be less traffic, making the island altogether more attractive – if you get into some kind of decent shape, be slightly fit you wont be a sweaty mess when you arrive at your destination you’ll just be slightly tired, and it’s actually kind of good for your body to get slightly tired through exercise. – you dont need to fill your car with petrol every week, you dont need to use it as much as you think you do. People survived in the tropics for years and years and years without the benefit of air conditioning – fair enough it’sstill going to be on in the office, but turn it off at home – open your windows, run a little electric fan to get the air flowing – it wont kill you, and it’s good for your body to get fresh air instead of refrigerated air all the time. This increase in the fuel price doesn’t need too cost you too much more money, sure groceries will go up, buy more local produce, eat more fruit and veg don’t buy more than you need, don’t buy ready made convenience meals, don’t buy bottle after bottle of fizzy soda, you’ll be surprised how much you can save.
Employers should consider using their “STAFF FUND” contribuutions and purchase a vehicle or 2 or a few to transport employees. It will encourage employees to spend more time at work and to save not only financially but environmentally as well. Besides, there is already a case of insufficient parking in the downtown areas. =)
I goin fill my car up with vegetable oil
Can someone please post the WEBSITE of each Gas Station for Gas Prices in G.C. THANKS
CNS: This page on the planning department website hasn’t been updated for a couple of weeks but worth marking in your favourites.
Please do not be so stupid and make a comparison between the oil/gasoline price in Jamaica to the one in Cayman. Population and cost of living do not closely compare. In one breath everyone wants to be paid good wages, in the next breath everyone wants to have everything as cheap as possible. Guess what, if you want things cheap, that means someone along the line is getting paid shitty wages. So which one is it going to be?
I’ve started a car pool. Come on….it is not that difficult. Lead by example.
Yes, the Govt should designate pick up spots for school buses. It is sad to see the kids dropped off literally at their doorsteps in my neighborhood.
I’d like to see some white collar ex-pats riding the bus…..lead by example.
Expats are only allowed to lead the way to the airport.
Big Mac must read the BBC
http://www.bbc.co.uk/caribbean/news/story/2008/07/080723_sanders_chavez.shtml
Stop whining – the increase in oil price is a fact for the entire world right now, not just for Cayman. Nobody wants to pay more, but it is what it is. Put on your big girl panties and start figuring out how to re-adjust your spending. Yes, I know some people can already barely pay their bills, but I also know that there are loads of people out there who may just have to stop getting their nails done every other week, float their boat in front of Rumpoint every weekend, or stop running their SUV (they likely couldn’t afford to begin with) up and down. Stop feeling bad for yourself and look around – there are many, many other places in this world right now who are so far worse off than Cayman is. It’s the typical attitude in Cayman (Caymanians and Expats alike) where it is a constant whining and complaining and waiting for someone to come in and fix it all.
thanks… I needed that
To 8:19 not sure where you are from and honestly careless to no. May be if you wasnt awear most of the kids for the Government schools on Walkers roads are transported by the buses and its the parents choice if they want to drop there kids to school and if you also wasnt awear the private schools in that area DOESNT have a bus system for there students so i guess they will be drop by there parents . But there are a lot of kids that walks to school if its in walking distance. And about Jamaicans and Caymanians retaking there drivers tests to come up to International standards I as a Caymanian has lived in the states for a number of years and you can not fine more road rage and dont even start about the standard of driving dont throw stones in a glass house .
Ok, yes gas is expensive, we have to realize that we live on an Island, for you guys who have never been to Europe which if you don’t know your geography is closer to all these refineries, gas prices in some countries will cost you as much as $8.00 per gal if not more. If youare so concerned about these prices start car pooling, take the bus, buy a bike and ride it. OH I forgot we are a proud nation and have to have the biggest and most guzzling vehicles on the market. I would like to know per capita if we are one of the world’s largest purchaser’s of SUV”s, it’s just that’s all I see on the roads.
well said…..oh no! …some caymanians might have to give uo their blackberrys!….zzzz
Some of you lazy eejits need to stop relying so heavily on the motor vehicles. Why don’t you try walking or cycling for a change?
You only need to look at the roads around the schools in the mornings to understand why the kids on island are so lazy and utterly useless at sport. They are all totally unfit due to being driven everywhere in the ir parents gas guzzling 4×4
I know that it gets warm walking around the island in peak sunshine but this doesn’t excuse lazy fools making 2 minute journeys by car.
I’m glad gas is going up to make those lazy people paythaty little bit extra. It’s a shame it won’t be going up enough to drive them off the roads, they’ll find a way to pay the difference, probably by not paying insurance or licencing.
The only real way to sole the problems on our roads is to make all Jamaicans and Caymanians retake a driving test adhering to international standards. Perhaps if they learnt to drive properly it would stop the rest of us having to brake suddenly when they swerve or pull out on you and waste gas trying to get back up to speed and if they were made to drive at a consistent speed instead of speeding up and slowing down erratically as they receive texts and phone calls or to finish the last sip of beer.
are we having a bad day?
And here we are thinking you were going to tell us something with a little intelligence.
This is very insulting. I agree that there are many poor drivers here but they are not restricted to two nationalities. So quit generalising. Everyone could likely do with improvement. As a Caymanian of several generations, I would put my regular road driving skills & knowledge up against yours any day of the week.
” Brillant Minds ”
That’s what was said about the last negotiation team involed with the renewal of the twenty two year licence with CUC. Cost of fuel goes up so does your bill.
Action Man and a few other brilliant minds.
They should of negotiated for a 10 or 15 % discount for all senior citizens over sixty years old.
Obviously so long as we depend on diesel to produce electricity if the cost of fuel increases so must your bill. It would be impossible for CUC to absorb it.
BTW small residential consumers are in fact being subsidised by large commercial consumers under the new licence. If you are a large residential consumer, senior citizen or not, you probably don’t need the break, or if you do then you should downsize.
It’s always easier to be the armchair quarterback.
The Premiers 25 cent increase is starting to hurt even more. This might be the time to think about giving the people some relief and roll it back.
The goverment needs to re-engineer the current economic situation. With rising costs and no new investment revenues coming in —cayman will slowly choke itself to a hault. Support the small business people of cayman through concessions/loans so that they can foster a sustainable base for the bigger and lucrative sectors. To develop you must start from down going upwards and not through BIG casino ideas. GET the basics right.
The small businesses in Cayman are suffering the most due to the recession and no steps are currently being taken by Gov to assist these small companies.Do they not contribute to the Gov. and society in Cayman ?? The sad reality is once they collapse they will do so for good !!!
Or get rid of the 60% ownership rule and let all residents set up new business. That single rule has stopped Cayman’s economy growing more than any other and focused a huge amount of the local wealth in a handful of capital rich families.
Let me get this straight. Wall Street creates the word’s biggest ponzi scheme. When it begins to collapse, does anyone go to jail? No. Wall Street is bailed out by the U.S. government. This happens throughout the world, as governments rush to save financial institutions involved in the same ponzi scheme. Shortly after this self-imposed crisis, they are handing out obscene bonuses and in the midst of record profits. Huh? Many people are also unemployed and losing their homes. Where are their governments?? Broke. There just isn’t enough to go around, in many cases because they lost money in the same ponzi scheme. But at least they saved the important ones.
In Wisconsin, their government is union busting and doing away with collective bargaining. In other states and countries, including the U.K. there are massive public sector layoffs, and reduction of social programs. The private sector is laying off and reducing wages and benefits.
The ones responsible for the ponzi scheme are pulling down multi-million dollar bonuses.
Where is the government?? Telling them not to do it again. Am I off the topic? No in this case, oil prices are going up because of supposed unrest in the Middle East. Unrest caused by people rising up and throwing out dictatorial leaders. Leaders who, for thirty years in Mubarek’s case, and forty years in Gadaffi’s case, oppressed and ripped off their citizens. Was anyone alarmed? No. They also co-operated with multi-national oil companies and were acceptable dictators. The same kind they had in the Southeast Asia, Panama, Chile, etc.
Now that the previous ok dictators are being thrown out of power the world is noticing. Not because of past human rights abuses, but because the security of the oil is in question. Lord knows people should not have control over their own resources. Hugo Chavez, who is turning oil profits back into the country for the benefit of the people according to U.S. media is a bad dictator. Mubarek wasn’t too bad, neither was Gadaffi. Noreiaga was ok for awhile, when he let cocaine through. Pinochet was all right too because he allowed multi-national mining companies. Let’s not forget BP, responsible for devastating the Gulf of Mexico. It is now rewarding stockholders. Because of the devastation, oil prices went up. More profits for BP. Why not share in the wealth??
Are we getting it yet? It seems there are certain kinds of crises, certain crimes, and certain dictators, that need immediate attention. Dictators are all right as long as the dictator has oil. Or some resource that’s required. Crime is ok, as long as the criminals make large political donations. Forever polluting a portion of the globe can be forgiven. Profits are good at any cost. And never, ever, ask politicians, financial institutions, or oil companies to be held accountable. It just wouldn’t be fair. That’s what we’re here for. To pay the price for their misfortune.
The Big Picture….. your rant doesn’t make a lot of sense. I get the impression that you think the rest of the world is responsible for Cayman’s current troubles. Just so that you are in on the big secret, Cayman’s problems are self made. It doesn’t matter which political party created the current problem; what matters is how the problems are handled and who has the guts to stand up and make the tough decisions facing this country.
Don’t worry 2012 is coming up fast has anyone seen the movie. Well I tell you what…. December 12th 20th or 21st 2012 sure is looking good we are all going to HELL in a Hand Basket not just Cayman but the world. Just take a look at what is going on around the world. Sounds like the last days to me and I am not a born again christian, but is seriouly thinking about it. Wars, Earthquakes, fires, Riots, birds droping from the skies , CUC rates going up 🙂 Mac digging up the North Sound, Alden leader of PPM, Cruise shipe tourist stealing from shops in town. Is there a Blue moon out some where? Let us Pray “Our father Which are in” you guys know the rest .
Anonymous @15:14 please stop it,you are too funny,if i read your post one more time i am gonna laugh my self to death……put all humor aside your comment is so true but i just cant stop cracking up ,thanks for the laugh…..
and don’t forger ‘bird droppings’ from the sky…
And at this time …. a man shall lose his friends hammer and those little things will be lost that cannot be found.
It is the end of days for sure, I should know, I’ve predicted a few!
JUST A POINT TO NOTE!
Its going to be 7 years after hurricane Ivan and around thousands of people subject to roll over. what will be the effect on our economy without flow of money and prices sky high ? just cant imagine next 2012 will be as.We need people here,,it will be hard for everybody including locals and expats to survive with price inflation , no saving ,that will increase crime beyond our imagination.our economy is in such a condition,my business almost doing nothing ,hopefullly in this condition no natural calamity strucks us.JUST THINK ABOUT IT ! time to act or fall.
Just wait till we get the pain at the CUC bill, but I guess we have no alternative but to watch our power bills continuously escalate, because our new to be installed Dopplar radar system, that we do not need, we can never have wind turbines that we do need,
Makes sense to me.
You do have an option. You can lower your usage. What a novel idea! Turn off the AC and use the fan.
I know how people can cut the CUC bill in half, turn the AC off. Ouch, that going to hurt.
Thank you America! Your stupidity, greed, and shortsightedness are exacting a price we all have to pay dearly for. The price of oil will rise and with that will come an increase in the cost of food, electricity, water, and just about everything else we buy.
It is no great mystery why your friends and allies in the world are waxing scarce and you are relegated to the pathetic ploy of having to buy what friends you have left. I am no religious ideologue but it is no wonder that certain circles typify you to be the Great Satan.They have the label right. You are basically an evil, selfish and morally bankrupt nation. And you have been for a long time. You are a ravening wolf in sheep’s clothing seeking whom it may devour. It just took a while for a world bedazzled by your former prosperity to see past the dollars and your daunting military prowess to finally comprehend your true and terrible colours. The world knows that the global financial meltdown has a clear label: "Made in America – Fabricated from greed". And we know that the troubles and economic distress caused by global dependence on petroleum rest to a large extent upon your lack of foresight, corrupt politics, and the gluttonous greed of your fossil fuel energy corporations.
Your proficiency in the realm of technology is unquestionable and has been so from the start of your industrialisation. I have a Computer Shopper magazine from the late 1990’s. The one gigabyte hard drive was then the holy grail for data storage. The first hard disk units to break into that level were selling for many thousands of dollars. My of my early personal computers was state of the art when I bought it and it had a whopping big 102MB drive. Not even large enough to store one record album at a decent quality bit rate. Today I have an 8-gigabyte thumb drive on my keyring that I bought for less than $20. A 1-terabyte hard drive (1000 times the capacity of that first 1gigabyte drive) cost around $50 today. Most cell phones have more computing power than my first "386" computer. Technology drove efficiency up and price down. The cost of data storage has dropped to a small percentage per megabyte over the years. In the same period of time the cost of energy has seen huge increases.
Yes, America, technology has been one of your strongest suits and the technology to help wean the western world from fossil fuels and move to sustainable energy was within your grasp decades ago. It just needed promotion and further development. But oil was flowing and oil companies were growing richer and more capable of buying politicians so they could maintain their strangle hold on energy and make even more profits. The same can be said of the automakers who resisted moves toward abandoning big gas-guzzlers and spending money out of their profits to develop more efficient automobiles. Now when you want the best in energy-efficient and cost-effective transportation, the vehicles have an Oriental-sounding name. For shame America!
Here is the where American greed reaches its vilest low: The mid-east oil producing cartel has the most powerful lobby in Washington but most Americans – clueless as they remain about how their country is run – are blissfully ignorant about this disturbing fact. One entity of the oil lobby, the National Petroleum Council, is actually a part of the U.S. Department of Energy! Of course the National Petroleum Council is funded almost entirely by the oil industry.
The U.S. oil industry just loves OPEC to raise prices because whenever OPEC raises its price, the world price of oil increases and all oil companies profit. America’s big oil companies do better than OPEC when oil prices rise because they do not need to cut back on oil production or sales themselves to raise their prices! They do not have to raise prices on oil from their own oilfields, but of course, they do. Exxon profited to the tune of $30 billion from just one recent OPEC price spike. Money like that can buy quite a sizable harem of your dollar-whore politicians, can’t it, America?
America, you were at the forefront of technological capability to do something that would have had profoundly benefited the entire world, but you failed to act. There was no demand for you to develop alternative sources of energy and therefore no immediate profit in it, so alternative energy was pretty much ignored until fairly recently. War was where you preferred to pour your dollars. "Why forge a plowshare when you can craft a sword?", sums up your attitude.
It is such a pity that a so-called great country is so wrapped up in the pursuit of mammon and power that it cannot not break free of that corruption to do certain things simply because they are right and good. "In God We Trust" is your motto? Ha! What a joke! It should read" "In God We Trust – Others Pay Cash!"
So, America, this week when I have to pull more of my hard-earned dollars out of my wallet to buy a tank of gas, and next month when I notice my bill at the grocery store is higher, I am not going to shake a fist at OPEC. Just before I replace my gas cap and just before I put my groceries in the trunk, I am going to engage in a new ritual: I am going to make two fists. Then I shall extend the middle finger on each hand — and face North.
Why don’t you save some time, look in the mirror and extend those two fists and middle fingers at yourself?
Blame America eh? There is no gun to your head to get anything from America. But, because you act like you’re Miami South, or want to be, you’re getting what you want. Funny, when the tourists bring their American Dollars and the businesses stash their American money in your tax shelters, none of you b#tch about it at all.
Blame your mother country. You know, the UK? They could help you out, given your connection? Why not call up BP for your oil and gas instead straight from the UK? Or "turn south" and get some from Venezuela or someone in S. America? I mean, you are Cayman, correct? You are not the 51st state of the USA.
Playing the blame game is great cover for your own inability to steer your own ship correctly, and also an easy cop out.
You’ve built your economic infrastructure based on attracting Americans. If you don’t like America, American oil, American gas, American food, American goods, American hotels, American business financial capital, American cruise ships, American tourists, American cars, American music or American dollars, you can take a cue from the old drug commercial and "Just Say No".
Go ahead. I’ll start the stopwatch and begin taking bets on the rapidity of your demise. And America will just move everything to another island, perhaps one tripping over itself to get the business eh? Let’s see, hmmm… Cuba soon?
Uhhh…? And just what point of mine did you successfully refute with your rant?
Since your stopwatch is ticking, how many American homeowners were foreclosed and lost their homes? How many went on the welfare dole? Mine home is paid for, it is on the ocean so I can fish, and I have enough land and the agricultural skills to sustain my family in the old Caymanian way before those juicy foreign dollars flowed in. After the hurricane, I and my family survived without electricity and running water for long enough that we could make it a lifestyle. So your scenario is not the least bit frightening, to me anyway. What else do you have to offer? Bring it on! So far I am not impressed.
The last time I looked under an American inner-city overpass I saw some of the hapless wictims of American capitalism. Many of those poor souls perhaps once espoused your jingoism, but they were dressed in rags and they pushed all their worldly belongings around in a stolen shopping cart as they headed for their cardboard condos.
(Whose demise was it you were taking about?)
I actually adore my American friends. (Hmmm.. come to think of it, I loved quite a few Americans in my younger days. Heh, heh.) It is the corporate and political greed I hate about America. My hope is that America’s people will wake up and turn the country around. But even you must admit there is little hope for change there. Anyway, you have not convinced me to change my after-petrol-fill ritual.
BTW: Unlike most Americans, I am multi-lingual. When you arrive to see your dollars flowing into Cuba, I will most likely be there to greet you.
Hasta luego, amigo.
LOL, considering your sentiments, by all means then, please…convert your little island to your own "Survivor Island".
I’m sure the other 25,000 Caymanians would be happy to come live on your farm and enjoy all of your ingenuity and worldly insight. I’m sure you can provide for all of them. Hey MacKeeva, you might have some competition here after all! 😉
And why would you be in Cuba waiting on the US to arrive? How do you plan to get there, on an American made plane or boat filled with American gas? Wow, that really must hurt your conscience. You should stay home. Besides, your little land in Cayman should be all you need, right?
Go ahead..continue to criticize. It’s hysterical. You still refuse to take responsibility for yourself. If you don’t like the gas prices, stay home on your little farm and start generating all of that self-sustainable energy. Come on, you lasted a long time after Ivan, as you say, why not just go ahead and cut all of your umbilical cords from America, Cayman, UK, and the rest of the world and get it over with? Why are you even driving a car, right? Why go to the gas station at all if you’re such the Robinson Crusoe of the Caymans? LOL
Perhaps you can take some of your bombastic energies and pontification down to the local church or charity organization and convert it into real and rational activities that can be used for the positive good of your own community. If you’re such the educated multi-linguist, why not come to America and make change.
Nah…I forgot, you’re too busy flippin’ off the American gas pump to show your cerebral superiority. You are truly wise in your focus. You’re right, we must bow to you. Hell, we must send you straight to the UN to change the world. Please, save us! 😉
Why won’t you step up and help us oh wise one? 😉 It’s because it is tougher to actthan to criticize. Those who offer positive solutions do the hard work of bringing about positive change. Those who simply offer up criticisms sit on their lazy asses on the sidelines pretending they know it all.
he probably produces enough methane to help his neighbors out
you write real pretty
your comment about loving quite a few americans in your younger days says worlds about you, macho dude.
WACK jOB too much American food is bad for you!!!!!!!!!!!
Alas… there is no remedy for greed, no government solution, no economic system to make the world better, but there is the timeless messages of love, awareness, and salvation. That is why information warfare like the gospel, is the highest of its kind! For it finds its way in the open and receptive heart of human beings like you and me, and transforms us into the best of civilization. But sorrowfully I guess the world has still not seen the value of true education. No matter what kind of governance, always… it those who govern well that has mastered themselves and put the people first.
As an American citizen reading this spew of garbage, please don’t ever come to my country. Keep your hard earned $$ here in Cayman or spend it somewhere else in the world. You love to go to the US and fill your suitcases with goods and bring them back, but you have the nerve to blame the US for every single problem in the world. What has YOUR country done to make the world a better place. HOW many of your young men and women are sent off on a daily basis around the world to help keep it safer. America may not always do the right thing, but what country is requested to help out when things get bad. Yeah that’s right Cayman (not)….. you make me sick. When I leave this island I won’t look in the rearview mirror and I will be certain to tell all of my American friends how Cayman feels about us. Thank you for the eye opener.
You should know that these comments are not indicative of the majority of the Caymanian people.
TAX fuel 100% it might get rid of all the american gas guzzlers 5.8 L V8 with a steering wheel on the wrong side any wonder people crash. EU cars can do up to 70 mpg and 130 mph or perhaps thats to slow! wise up cayman ban these machines that burn a gallon or two just starting up.
To 13.47. But the gas-guzzling cathedrals are doing us all a favour! They burn prodigious amounts of highly taxed fuel, and use vast, expensive tyres, thereby putting extra revenue into the Government’s pockets.
HERE WE GO AGAIN! Here is CUC’s opportunity to raise people’s light bills in order to pay off their expenses. Boy they are happy!
Faulty reasoning. When fuel prices increase CUC loses money as people consume less electricity. CUC makes no money on the fuel charges.
After all is said and done, and the dust settle. After the revolutions in the Arab countries are over; and the price per barrel drops below $80.00 it will never go down here. The gas stations will just see a bigger profit margin. To top it all off, the Government won’t do a F%&*#@g thing about it!!!
There is no reason to believe that. In the summer of 2009 the price of oil rose to $147 per barrel and subsequently declined to under $40 per barrel. Cayman saw both the increase and decrease reflected in fuel prices. The fact is that we only seem to notice the bad news and take no account of the good news.
Caymanians are caught in the perfect storm at this time, specially those of us with mortgages, insurance, private schools etc…home insurace premiums are by themselves a second mortgage, private schools keep uping their fees every term and then theirs the monthly utilities and gas prices..politicians need to pay close attention to this or there will be a revolt in Cayman as well.
‘politicians need to pay close attention to this or there will be a revolt in Cayman as well.’
I doubt it.Not unless there is a CEO position within the revolution that has a 3 hour breakfast and lunch breaks with expats to do the work.
Even if all of this was present, there would still not be a sense of urgency present to make it continue for more than an hour or two!
I would hate to give up & leave, but with the cost of living, crime & no incentive to stay (rollover), there comes a point when it simply doesn’t make sense to stay. And, I will try not to let the plane door hit me on the way out.
Be thankful you have the opportunity to purchase ultra fuel efficient cars like the Daihatsu Charade and Hyundai i10, unlike the US where they are not approved, for safety reasons, I assume.
(Most states allow motorcyclists to operate without helmets though.)
And your Imperial gallon is slightly larger……
To TCM29
What’s an Imperial Gallon?
About $5.25!
Or bigger than a US gallon..
An Imperial gallon is 8 x 20oz pints (160oz).
A US Gallon is 8 x 16oz pints (128 oz).
So the UK gallon is 25% bigger than the US version.
Not sure what Cayman gas stations sell now though. Hey we’re a UK colony right? We better be getting Imperial gallons at the pump! Anyone know?
An imperial gallon, used (unofficially now) in the UK, is the weight of 10 lbs of water at 62°F and is approximately 4.55 litres.
A US gallon is 3.79 litres and weighs about 8.33 lbs.
A follow on to the above comment ",,,And your Imperial gallon is slightly larger.….." [than the US gallon] is that the Imperial (UK) gallon is 20% larger than the U.S. gallon since there are 160 ounces in the Imperial gallon but only 128 ounces in the US gallon! Perhaps this fact may lessen the pain just a bit each time we open our wallets after filling up at Cayman’s gas stations :o)
Since you are paying CI$ (about 20% more than US$) the pain lessening is short lived. Paying CI$ for imperial gallons is roughly similar to paying US$ for US gallons
Big Mac is going to use these oil prices to push for the local Oil Refinery lol…
Ah yes politics…
Thats why he has added a $0.25 charge to every gallon of gas making an already high cost even higher!
My heart bleeds for you.
I live in a rural UK community, 10 miles to the nearest supermarket and a 25 mile commute to work. Gas around here is £6 (about CI$8) a gallon, diesel costs even more. Heating oil is about CI$5 a gallon and this hard winter is using up a heck of a lot of that.
In addition the wages that pay for that gas and oil are lower than in the Cayman Islands and taxed at source. I get about 2/3 of the equivalent public sector wage that my work would attract within CIG and 1/3 of that goes straight back to my employer – the UK goverment.
To quote Arnie, “Stop whining!”
Move.
How can a country like Jamaica who is further away from the USA and UK ask less for a gallon of fuel???? And yes, it works out something around USD3!
We are being ripped off here by an government who thinks that no one notices how they are stealing from the residents of this little rock!
Jamaica has an oil refinery Petrojam where they refine their own gasoline.
Gasoline in Jamaica costs just over J$90 per litre which equates to about US$1.05 per liter, which again equates to US$4.77 per gallon, or CI$3.90 per gallon, using 1 litre = 0.22 imperial gallons, and US$ = .82CI.
I would imagine that the price of CI$3.90 per gallon of gas in Jamaica reflects what the market will bear rather than their costs, so I wouldn’t expect that destruction of our environment to put in a refinery will result in any savings to the local consumer.
If we really want cheaper gas then McKeeva only needs to ask his good friend Bruce Golding to refine it for us and ship it over.
It starts with a V and ends in an A. I’m sure Mac would be the first to do business with them if the UK would let him.
news.bbc.co.uk/2/hi/americas/4181528.stm
Chavez does not give away gas. Countries that negotiate with Venezuela for gas are borrowing the difference. Countries that cannot pay OPEC prices now will pay Chavez eventually, with interest.
Why not negotiate with Venezuela for Gas? We negotiate with Cuba.Oh….wait that migh bring in competition which certain members of the elite society will not accept.
Chavez has an oil agreement with 13 Caribbean countries. I’m SURE America will love to hear that Cayman has gotten into bed with Chavez.
Don’t believe me?
http://www.caribbean360.com/index.php/business/10947.html
I foresee more crime coming our way ;0(
I’m sooooooo sick to death of hearing about one armed robbery after the other.
Why would crime go up? If the criminal minded are affected by this it means they own a car. If they own a car why would they need to turn to crime??
enquiring minds want to know.
Because! It’s just one more thing they can’t afford and quite possibly will start stealing too.
You think just because you have a car means you’re not a criminal?
You’re right – the Police should only look for suspects who don’t own cars. *rolling eyes*
Suggestion: THINK about what you are typing before you you hit ‘save’.
Easy people, the writer is only 3 years old…….
Oh… great! What else can possibly cost us even more money to exist here? ugh!
Anyone notice everything seems to be going up except our salaries? Is it just me? It’s me isn’t it?
Lawd! I’m not looking forward to my CUC bill. There just is not anything further I can do to assist in keeping that bill down as much as possible. Pretty soon I’m going to have to start unplugging my clocks out of the wall because you can’t tell time in your sleep!
I would recommend unplugging everything in your house you are not using…washer, dryer, lamps, computers and TV’s. They still pull energy even if they are off. I save $15-20 a month doing this in the US. Anything helps.
An anonymous source? Really? On such a topic?
Well this anonymous source says: "The recent price hike for lubricants will affect my lifestyle immensely."
Astroglide is water based, not pertoleum based, and therefore the price should remain stable. Switch from Vaseline.
Astroglide does dry out quicker than petroleum jelly, so cost-per-session may be higher.
Damn! When oil goes up, everything goes up.
and this sorry excuse of a government is still dragging its feet regarding electric vehicles…
Shoot! I’d love me an electric car but, the again they are as fast as my Granny’s walker and then CUC would love me even more because, I would have to charge it at home further racking up my bill.
On CNN the other day they were talking about the rising gas prices and mentioned that the gas stations in the US make about two to five cents per gallon profit. How does that compare to here I wonder?
Yes, I would love to know how many cents per gallon the gas stations here make. It’s pretty obvious that it is a lucrative business when we see new gas stations all over the place in the last ten years! So, even though there is more and more competition, they still seem to thrive. Do you wonder why?
If I recall correctly, CNS did have an article that had an interview with a gas station owner, and beleive it was $.50-.$.60 cents a gallon. MUCH more than in the US I know for sure.
And I still don’t get why we can’t get gas from Jamaica, and why we have it come from the US. On the other hand I dont’ understand how it can cost roughly USD $4.00 an imperial gallon in the US and we are paying over $6.00 seems I could get a pretty big tanker and actually have cheaper gas. Perhaps maybe I could have some shipped over.
You’re forgetting about the govt. tax on fuel which McKeeva increased.
Ironically, this may be the best news we have heard so far this year.
The Govt needs to help us here. We cannot pay all the higher fees and the inflation too. There needs to be an emergency cap on CUC’s guaranteed double digit profit (*unheard of for any other utility in the world!) The Govt. needs to insure the public is not ripped off.
People will start to go hungry.
What can WE do? Well, folks…it is time to start carpools, growing vegetables….
Um….we already have a hunger problem here.
We can only hope that hunger for food will be met. However, it is the insatiable hunger for power that scares me.
There is no “guarantee” of a double digit profit for CUC under its new licence. Not that this has anytjhing to do with the rising price of fuel which is simply a ‘pass through’.