Cayman Compass
Regulators believe they are making progress in bringing down consumer costs for fuel, water and electricity.
OfReg, which is also the consumer watchdog for utilities, just completed the first phase of a fuel market assessment which could eventually lead to price controls at the pump.
Consumer affairs manager Daniel Lee believes the measures the regulator has already taken have started to shift the needle on prices.
OfReg reviews data, including import costs, that determine the price motorists pay at the gas station. It publishes retail prices on its website and benchmarks them regionally.
Cayman drivers currently pay $3.90 a gallon for regular unleaded fuel. While this is significantly more than the US price of $1.98 a gallon, Lee says it is consistent with costs across the region.