Like sitting ducks, car dealers around the country are feeling the pinch. Loans are difficult, cash is hard to come around and workers all over the country are losing their jobs. What makes the struggles worse? Gas prices which just months before (JULY) had climbed to over $145 per barrel on the world market. At that high peek, gas prices was $5.94 per gallon in Nassau.
But today the price of oil on the world market is now $74 per barrel, half the cost it was in July. But gas at the pump in Nassau is still climbing, now at $5.32 cents at some gas stations.
Now here the truth, Hubert Ingraham had realized he cannot collect the taxes from the lightbill anymore. Therefore he has kept the taxes on the car gas. This is amazing! So to answer your question out there, why has gas prices at the pump still over the $5? BLAME THE GOVERNMENT, WHO IS AGAIN DEEP IN YOUR POCKET COLLECTING YOUR MONEY!