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Gas Price Review - Week Ending September 12, 2005

The last week has been a very interesting one. The strange thing remains the big puzzle of why with the decrease in oil prices form $70.85 to less than $65.00 per barrel of Oil, that our prices went up last week. It is strange that as they(Petrojam) usually say that our prices pretty much move up and down with the world market. This week the oil prices have remained lower than at the end of August 2005 but not so gas prices. With the protests out the way I expect that this week the prices should go down. I hope I am not wrong or else I would have to call foul.. I would not fill up until after the price break this Wednesday but the choice is yours.

Average Prices
The average price of 87 Octane is $52.62, 90 Octane $56.28 and Diesel $48.24. The price range from $50.50 to $55.97, $52.84 - 59.72 and $46.39 to $50.99, 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. 12, 2005 reveals the following

	June 12	Sept. 12	Last Week
Product(avg.)	$ per litre	$ per litre	$ per litre
87	$41.80	$52.82	$50.63
90	$44.98	$56.28	$54.09
Diesel	$41.10	$48.24	$46.87

source: Jamaica Gas Prices data

Price Gouging
This week I got two e-mails from friends/associates raising the issue of price gouging and boycotts.

There is a whopping $6.88 difference in Gasoline for the cheapest 90 Octane and the most expensive 90 Octane. The chart below completes the comparison.

Week Sept. 7-13	Lowest Price	Highest Price	Difference
Product	$ per litre	$ per litre	$ per litre
87	50.50	55.97	5.47
90	52.84	59.72	6.88
Diesel	46.69	50.99	4.0

It is good to see that this discussion is picking up and the next thing consumers need to do is to stop talking and act. Support the stations with lower prices & good quality gas and avoid the expense high priced gas stations.

Alternatives
Over the weekend I journeyed to the second city and on the way I managed to see a site not very often seen; a cargo train. My mind wondered to the land of "what if". What if the Government of Jamaica over the decades had invested in a proper train service how much better off as a country we could have been? That is only a dream since the new highway pretty much runs parallel to the new highways it is hardly likely that passenger train service will ever be a reality in Jamaica.

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.

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.