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This week, oil prices closed down from last week's high of US$70 mark for a barrel of Oil. In Jamaica protests are the cards as Jamaicans are expected to express angry at the rising cost of living. With Katrina put many refineries off line the US government has tapped into the oil reserves and this as resulted in the reduction on the supply shortfall. Other oil producing countries opted to release reserves so as to assist the United States at this time. As a result the coming week should see some reductions in the prices of gasoline at the pumps. I would not fill up after the price break this Wednesday.

Average Prices
The average price of 87 Octane is $50.64, 90 Octane $54.09 and Diesel $46.87. The price range from $48.07 to $54.85, $50.99 - 58.98 and $45.29 to $49.95, for 87, 90 and Diesel respectively. A quick comparison from of the average price off Petrol for the week ending June 12, 2005 and Sept 5, 2005 reveals the following

Alternatives
Do you need to drive to work? This is a question many will be asking themselves. Some tough choices will have to be made soon as we keep our eyes on the rising oil prices and look to conserve. Choosing routes and opting for the premium bus service is an option that we might look on.

Why is the government of Jamaica not looking at encouraging hybrid motor vehicles? These are vehicles that run on a combination of different energy sources and provide less reliance on fossil fuels. Maybe it is time that Jamaicans are given tax breaks to purchase these vehicles.

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