81.4 F
Cruz Bay
Thursday, March 28, 2024
HomeNewsArchivesLet's Not Forget

Let's Not Forget

Dear Source:

Thank you to all the employees and subcontractors of the Water and Power Authority for the work being provided during the hurricane recovery, particularly on St. Croix.
While the recovery continues let us not lose sight of current events, particularly the barrel price of oil.
Oil has traded below $100 for a month, under $90 for two weeks and under $80 during this week. Where is the continued price relief?
When oil rises WAPA is quick to petition the PSC for higher LEAC rates but seems to be in no hurry to petition the PSC to lower that rate. Why can't we have a timeline for the LEAC reduction? Surely, at less than $75 per barrel our rates must drop from 3 times the price of usage to only 2 times or less.
Why can't WAPA break out the flow charts and show us how and when the reduction will take affect, in real time??
I am beginning to see a comparison of WAPA to our local gas stations. When HOVENSA raises the mythical rack rate of gasoline by 20 cents, the price rises 20 cents but when they lower it 34 cents, we only see a 30 cent reduction or less.
For the record, as of Monday, the national average for a gallon of regular gas was $2.92.
Let me repeat. Oil is less than $75 per barrel and gasoline less than $3.
What am I missing in this picture? Please explain.
Steve Nisky
St. Croix

Editor's note: We welcome and encourage readers to keep the dialogue going by responding to Source commentary. Letters should be e-mailed with name and place of residence to visource@gmail.com.

Print Friendly, PDF & Email
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.

Support local + independent journalism in the U.S. Virgin Islands

Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.

Previous article
Next article