US EditionFuel surcharge cut approved but Guam utility officials expect erratic oil prices amid Middle East crisis
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3 Articles
With the threats of closing the Strait of Hormuz, where almost 6 million barrels of petroleum products pass every day, the prices of fuels grow and result in increases to the pump even in Italy
The Minister of Energy and Mines, Victor Hugo Ventura, reported that fuel prices could fall until September, after the cessation of the conflict between Israel and Iran was known, a situation that in recent weeks had generated increases due to uncertainty in the international oil markets. According to Ventura, the international war indirectly affected Guatemala, generating increases in the price of oil, which reflected in the local costs of fuel…
Fuel surcharge cut approved but Guam utility officials expect erratic oil prices amid Middle East crisis
With the escalating Middle East crisis predicted to cause volatility in the fuel prices, the Public Utilities Commission has approved a flat rate of 15 cents per kWh for the levelized energy adjustment clause, or LEAC, which is higher than the rate proposed by the Guam Power Authority.
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