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10 cent increase third this year

HAGÅTÑA, Guam (Pacific Daily News. April 5, 2011) - Gas prices on Guam rose another 10 cents yesterday at Shell, bringing the cost of gas up to US$4.43 for a gallon of regular unleaded gasoline.

As of 10 p.m. yesterday, Shell gas stations were the only stations that changed their prices. However, the three gasoline brands available on Guam have historically mirrored each other’s prices within days of a brand’s pump-price change.

Shell’s premium gasoline rose to US$4.73 a gallon and diesel was at US$4.62 a gallon. Previously, premium gasoline was at US$4.63 a gallon and diesel at was US$4.52 a gallon.

This is the second increase in three weeks and the third increase this year.

The Associated Press reported earlier this week that oil prices had increased to US$105 a barrel - the highest in about three years. AP reports that unrest in the Middle East and northern Africa, continue to drive up oil prices.

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