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Charlotte Amalie
Monday, June 27, 2022
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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.

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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.