... why are there price increases on fuel that was in the country and in some cases already in the ground at gas stations, before the issue arose in the Ukraine? This is nothing but a money grab by fuel companies and the government at consumer expense!

It certainly appears that way.
One would speculate that it would take weeks for a sales agreement to be made and then fuel shipped in to the country and then that fuel actually pumped out into cars?
Unless of course there are ships full of fuel floating in The Bahamas and you call them up and negotiate a price and then they swing by your dock and unload?

> Sears said, “We are also looking at solar and many local as well as international companies have put proposals to the government. We are reviewing and meeting with these various parties. We’ll be establishing a process and will begin to meet with them leading to a contractual relationship with the country.”

Sears wants us all to believe the corrupt Davis and Cooper led PLP administration has all kinds of different colour deals coming to the rescue of financially strapped Bahamians, e.g., green deals, blue deals, rainbow deals, blah, blah, blah.

The dire financial predicament many Bahamians find themselves in today is the inevitable outcome of decades of racist politics of the worst kind that duped voters into supporting corrupt elitist politicians whose only interest has been the lining their own pockets and the pockets of their financial-backers with our tax dollars, and by 'selling' the best our country has to offer to foreign interests under corrupt concession laden deals. And it's those same mega mega mega millions of tax dollars stolen from the people by the political ruling class over many decades that should have been wisely spent since 1973 developing and diversifying our economy rather than bankrupting it.

SLOP planted the seeds of socialism which all too quickly sprouted under carefully crafted racist politics into the corrupt and elitist political ruling class that for decades has raped, pillaged and plundered our country, leaving most Bahmians with a downward spiralling standard of living and quality of life. Yes indeed, SLOP's legacy is deeply rooted and about to come home to roost for most Bahamians in a most terrible and vicious way. This is what happens to a nation that does not take care of its people and a people who sit idly by and let the most greedy and evil elements of society take the reins of their destiny. So sad.

You are correct Tribanon

Just remember when you are paying these exorbitant gas prices, this is because of Biden's green energy transition and of “unprecedented sanctions” to punish Putin...

Anybody got those Biden stickers "I did this" to put on the gas pumps?

Our country's problems are much more deeply rooted than Biden; he's only exacerbating what were already our own self-inflicted woes for supporting our very own most corrupt and elitist ruling class of evil politicians.

Call it A SLOW NEWS DAY or WEEK! The price of gas fell from $5.00 plus to just over $3.00 a gallon and from $2.00 plus a gallon in the US to 99 cents a gallon and even less for a short period. Yet there was no blaring headlines. Most Bahamians have the small Japanese cars and the gas increases will not affect them by more than $10-$15 a month. And many can compensate for this by reducing their driving or improving their driving habits.

Thats the cost for driving a car. Now add in the increase in food and anything else that companies will charge due to their increased costs. And then the increase in BPL as well. Hopefully won't be too bad but it could be

Measures will be needed? But, are they going to be met?

Try figure what the average Russian is facing there the Russia currency fell to ONE CENT against the US $. So a bottle of water that was costing $2.00 last week in Russia, now costs $200.00 today! Gas will also be around $200. 00 or $300 a gallon.

Yep, and additionally they will soon be unemployed due to the sanctions. These sanctions will hurt everyone except Putin who will still be eating caviar everyday at the Kremlin.

You, John, are an idiot. You do realize that the Ruble has never been equal to a USD? It has fallen from around 1.4 US cents per Ruble to 0.9 US cents per Ruble. So your $2.00 bottle of water now costs about $3.50 not $200. This is a testament to the failure of education in this country.

No it is a testament to the US trying to run a war in the press and drum up support against Russia for doing things the United States has done a thousand times over. Like invade sovereign countries, overthrow sitting governments and even assassinated heads of state. I was minded to research what the US media is calling the collapse of the Russian ruble, but the US media was so convincing that it fell from being on par with the US $ to just being worth one US cent, since the war began, I accepted it. So yes, I am an intelligent idiot! Suckered by the US press as has half the world been deceived,over and over again.

All of this has happened because of Biden's rapture with the kill fossil fuels lobby resulting in the dominance of Russian oil & gas production.. When will Biden wake up?

Biden is in panic now with the explosion of the price of oil due to his sanctions. He is now willing to make whatever concessions possible to the Iranians to get a peace treaty signed in the hope that this will bring oil prices down. This will be a highly controversial agreement and most probably the reason for the next war, with the compliments of Biden.

Still blaming Biden, huh ? Let me educate you again - neither Biden nor Trump or any other US President from either party for that matter, has anything to do with Russia invading Ukraine or the price of gas in The Bahamas. But go ahead and keep believing what you think (or would like to think), and keep posting Biden's name as the cause of everything that happens in The Bahamas.

Really got excited when you said ‘let me educate you.’ But nothing of substance came after that. Get a temperature check and try again.

Well please tell us why the price of oil is currently surging if you think it is not because of US sanctions? Are the US media and oil analysts also uneducated?

"Oil prices had jumped after the U.S., the European Union and the U.K. over the weekend said they would block some Russian banks from the SWIFT messaging system, a move that makes it more difficult for countries to purchase Russian oil.

“Geopolitical risks will remain high for some time,” Matthew Parry, head of long-term analysis at Energy Aspects, recently told MarketWatch. “Western sanctions are expanding as the conflict widens.” Parry expects the Brent price to average $101 this year.

The U.S. Treasury on Monday said it’s prohibiting any transactions with the Central Bank of the Russian Federation, as well as Russia’s national wealth fund and the Russian Ministry of Finance.

The “hurdles that these sanctions will create for financial payments are likely to exacerbate the recent Russian commodity supply shock, already visible as Western and Chinese traders halting shipments,” said analysts at Goldman Sachs.

The Goldman analysts hiked their one-month Brent price forecast to $115 from $95, arguing there would need to be up to 4 million barrels of demand destruction to offset the loss of Russian exports."

https://www.marketwatch.com/story/oil-p…

Think it all out and then start again. And maybe come up with alternative solutions to getting Russia to stop killing innocent people. And two of the options cannot include going to war with Russia or letting the people of Ukraine get slaughtered.

Oil is traded on the futures market so most of it is bought several months in advance. The price of oil was ramping up well before US sanctions were introduced, but not before the build up of Russian troops on the Ukraine border.

To be honest the price of oil is effected by many different things that are probably too complex for any of us mere mortals on here to understand. The OPEC nations have a large say in it as well. Go back to 2008 when oil prices hit nearly $170 and then suddenly dropped to below $50. Some say it was market manipulation by OPEC (supply & demand) others say differently. The price of oil between 2007 - 2014 probably averaged around $120 a barrel.

There would have been no Putin invasion of the Ukraine had Biden as Commander and Chief of the U.S. armed forces not fooked up the U.S. surrender to the Taliban and so hastily exited Afghanistan. And just think, Biden made no mention in his recent State of the Union address about the 13 U.S. soldiers who lost their lives at Kabul airport as a result of his great desire to have the U.S. expedite its surrender and withdrawal. Taiwan must now be a very juicy looking plum in the eyes of Xi Jinping.

Why are you shouting about US politics in the Tribune's comment section? Go to the US and complain to them.

First I am not “shouting”, I am giving an analysis of the current oil crisis which affects the Bahamas. As this crisis affects our living standard and economy why should I not comment in the Tribune? Are you against freedom of speech? Nobody is forcing you to read the comment section.

Oh please tell me more of your crack pot theories. They must be so well researched and from such and educated person.

Don't worry no one is stepping on your freedom to let us all know that you are, in fact, and idiot.

Somehow I am not surprised that you are incapable of having a discussion without resorting to insults. Just so typical of people who have no valid arguments to put forward.

> Somehow I am not surprised that you
> are incapable of having a discussion
> without resorting to insults.

Covid is responsible for this state of affairs. Covid normalized the ad hominem. Started earlier with Hillary Clinton and the "deplorables".

The idgets in social media even said to send the unvaccinated fringe extremists to the front line.

Bahamian people falls for anything that is not legitimate.
How could you pay on a new rate of fuel that isn't in the Bahamas as yet?

These people in the Bahamas is so corrupt.

They know it is not time to go up on that gas, but they are using the war in the Ukraine to pawn Bahamians & the consumers are sadly falling for it.

Hmm.. so maybe that explains why gas in the US has gone up 12 cents in two days and even more since there were even talks of a war/invasion. Take the dunce cap.

The United States could produce enough Oil to flood the market and bring prices down but because of the idiotic Democrats and Biden who are in charge of that country everyone will suffer.

So despite all the sanctions, the US is still purchasing over 210,000 barrels of Russian oil PER DAY! So whilst the US is telling the rest of the world to avoid Russia and boycott Russian products, what is the US itself doing? Leading by example, of course. Great going Joe Biden n Pamela!

Whilst the US may have enough oil to flood the market, it is not as simple as doing just that. The gulf states have tried to remain neutral in the Russian conflict. Many like the UAE are tradin partners with both Russia and tge Ukraine. And if it was to appear that the US was gaining an unfair advantage from the Russian conflict, they may be forced to respond. And if they increase production of oil and flood the market, oil prices can sink below $30 per barrel almost overnight. The Arabs have nothing to lose with low oil prices but it will definitely make the sanctions against Russia less effective.

Upvote0

Lighten up when filling up at pump with.$5.52 gallon petrol which **is still bargain at pumps** to the per gallon price some world's Drivers pay, **even before Russia's Putin's war.**
Mr Pintard asks, *Why did the Prime Minister allow the Minister of Finance to overrule the decision by the board and executive of BPL that the hedging program be continued?"...Think Pintard must've meant for de PM to ask himself being de Prime Minister is de Minister of Finance, ― Yes?

**Mr. Sears is of the opinion that Bahamians are totally stupid!**

What position is the Bahamas in regionally relating to renewable energy? How many DECADES have we the people, the IDB, and others, been pushing, begging, reasoning, and pleading, with the FNM & PLP to get serious with renewable energy?

**WHY?**

Thousands of residents should have been selling power back to the grid!

As usual, we are in a mess because of no other reason than "PLP & FNM failed leadership"!

The goal since 1991 was to bring bf the average price of gas worldwide to $15 a gallon. To control pollution, to control mobility of the lower and middle class and to control traffic congestion, among other things. But solar energy and other renewable sources delayed that prospect. Now the car car companies are turning to electric power. Less pollution and more efficiently

And if you think the war is about Putin, watch when Biden starts allowing refugees into the United States. Strictly White Folks ma bey. No Indians, no Blacks, no Africans . Ok then!

And didn’t the same thing happen with Afghans, and guess why?

This is already the case in Europe where black refugees are prohibited to enter the EU from Ukraine:

"The appeal follows the intervention of the Nigerian and Jamaican Foreign Ministries last weekend to provide assistance to their citizens who were prevented from boarding trains while white women, children, men and even pets were allowed to leave Ukraine.

Harrowing video evidence has shown some Black and Brown refugees being subjected to violence as well as segregation.

South Asian refugees, Latina students and Sikhs have also been denied the chance to escape with priority given to white Ukrainians.

Nigerian president Muhammadu Buhari said earlier this week: “All who flee a conflict situation have the same right to safe passage under UN convention and the colour of their passport or their skin should make no difference.

“From video evidence, first-hand reports and from those in contact with Nigerian consular officials, there have been unfortunate reports of Ukrainian police and security personnel refusing to allow Nigerians to board buses and trains heading towards the Ukraine-Poland border.”

https://www.mirror.co.uk/news/world-new…

**Try buying from LIMA Guyana and refer a friend.**

If the government is or isn’t concerned is irrelevant. Price is price market is market. Talk and interviews will not have any influence. So what? Consumers will pay and drive less. Period.