The St. Croix refinery is the source of gasoline for all three islands. And to judge by recent comments from the president of Hovensa, it will continue to be. But, still no one knows, at what price?
Speaking to the Tourism Association's annual meeting, Brian Lever outlined a scenario in which Hovensa continued to operate primarily as a warehouse and depot for other companies' refined products.
The St. John Source's report of Lever's speech had the executive saying, "Hovensa intends to purchase gasoline from other companies and resell it to local gas stations." (Full story here.)
Lever indicated the storage facilities could be attractive to petroleum product buyers who want to take advantage of low prices and just hold the product. Others, shipping companies for example, might want to use St. Croix as a refueling station.
Hoivensa has alreadyt said it will continue toi deliver gasoline for retauilers until the end of the year.
The average price of regular gasoline on St. John is now $4.439 a gallon, according to a suyrvey by the Department of Licensing and Consumer Affairs.