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April 25, 2008

Gas hits $4 per gallon on Martha's Vineyard

EDGARTOWN, Mass. -- The prospect of $4 per gallon of gas has already become reality on Martha's Vineyard.

An informal survey of island gas stations by WMVY-FM found an average price of $4 per gallon for regular unleaded.

And it's not just residents of the island and tourists who ferry their cars over from the mainland who are feeling the pinch. Many small businesses, including taxi companies, are being forced to absorb the higher fuel costs or pass them on to customers.

Martha's Vineyard Taxi owner Morgan Reitzas says he's been forced to raise fares for longer routes to Chilmark and Aquinnah, which can now cost $75. Reitzas says even with the higher fees and some disgruntled customers, he's barely breaking even.

The most recent statewide survey by AAA Southern New England found a record high average price of $3.38 per gallon for self-serve regular.

-- The Associated Press

Posted by Jack Perry  at 9:12 AM | Permalink

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