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Gas Price Review - Week Ending August 21, 2005

This week, oil prices closed around the US$66 mark for a barrel of Oil. In Jamaica consumers received a double shock. Firstly the annoucement that Gas prices at the pump would move up by 8% and then the 66% increase in bus fares and the inposition off a single flat rate for one-way travel around Kingston Metropolitan Area. The rising oil prices will continue to hurt the pockets of Jamaican drivers.

The average price of 87 Octane is $48.30, 90 Octane $51.56 and Diesel $$45.31. The price range from $46.40 to $50.37, $48.60 to $54.09, and $44.14 to $48.01, for 87, 90 and Diesel respectively. A quick comparison from of the price off Petrol for the week ending June 12, 2005 and August 21, 2005 reveals the following

	June 12	August 21
	$ per litre	$ per litre
87	$41.80	$48.30
90	$44.98	$51.56
Diesel	$41.10	$45.31

So keep an eye on the rising oil prices and look to conserve. Choosing routes and driving times carefully, carpooling for the new school term will need to be seriously considered.

While looking at alternatives and gas saving measures remember to bookmark and visit Jamaica Gas Prices (http://www.jamaicagasprices.com.jm) for the latest gas prices. Remember that you can submit prices too my using our submission system.

Coming soon will be a member’s area that will allow you to track consumption, work out how many miles per the gallon and more week prices updates to your e-mail or cell phone as desired.