Gas prices going up

Gasoline prices have jumped as much as 40 cents a gallon this week on St. Thomas, after the Department of Licensing and Consumer Affairs lifted its lid on how much profit stations could make  Regular gas at O’Connor’s in Cruz Bay was going for $2.40 a gallon, with premium at $2.44.  At E&C in Estate Enighed, prices were $2.209 for regular and $2.25 for premium, the St. John Source reported.  The cap on profits was canceled last week after a District Court judge considered a challenge by Texaco and Esso Virgin Islands Inc. to the order which said profits at the pump could go no higher than 30 cents a gallon at wholesale and 35 cents at retail, the report added.

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