With the Middle East conflict ongoing and only a temporary Jones Act waiver preventing further price hikes, concerns over Guam’s fuel security are growing as some residents begin stockpiling gas containers in anticipation of potential shortages or drastic price increases.
Last week, Attorney General Douglas Moylan urged the 38th Guam Legislature to convene an informal roundtable discussion on what he described as a “developing emergency situation” involving both the availability and affordability of fuel on island.
In a March 26 letter addressed to Speaker Frank Blas Jr., Vice Speaker V. Anthony Ada, Senator Jesse A. Lujan, and Senator Telo T. Taitague, Moylan said his office met with two of Guam’s three gasoline suppliers and found reason for concern across government and public sectors.
“My legal team and I are very concerned about Guam’s supply and quickly rising fuel prices—and their impact upon my client, our People, and all of our constituency,” Moylan wrote.
The Attorney General said he will invite the Consolidated Commission on Utilities (CCU) leadership, the Guam Power Authority (GPA) General Manager, and Guam’s Delegate to Congress to join the meeting. The roundtable aims to review the local implications of the Iran war and global energy instability while assessing strategies to stabilize Guam’s market.
Notably, Moylan’s letter came just hours before fuel prices dipped slightly to $6.12 per gallon of unleaded, easing from the previous $6.32 per gallon after several consecutive price hikes. Despite the brief reprieve, energy observers say the cost remains volatile and vulnerable to global developments.
Moylan’s office is now coordinating with legislative staff to set a date for the emergency briefing.