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Gas Price Review - Week Ending Oct 24, 2007

The last week saw PetroJam announce increases of $1.42 to $ 1.50 on Diesel and 87 and 90 Octane respectively. The announcement of ex-refinery prices pushed up prices locally. With Oil Price surging to new highs expect continued increases in the coming weeks.

Average Prices
The average price of 87 Octane is $52.46, 90 Octane $55.60 and Diesel $48.21.

Oct 24, 2007 Last Week
Product(avg.) $ per litre $ per litre
87 $57.33 -
90 $61.51 -
Diesel $58.62 -


source: Jamaica Gas Prices data .

Highs and the Lows

The prices range $55.41 to $60.51, $58.23 to $64.51 and $55.99 to $61.32 for 87 Octane, 90 Octane and Diesel respectively.

Week
Oct. 18-24
Lowest Price Highest Price Difference
Product $ per litre $ per litre $ per litre
87 $55.41 $60.51 $5.10
90 $58.23 $64.51 $6.26
Diesel $55.99 $61.32 $5.33

source: Jamaica Gas Prices data .

The data reveals that on 35- 40 litres of gas simply choosing where you shop could save you between $178 - $250 per tank full. Assuming you are using 40 litres of Gasoline each week that could mean and annualised savings of approximately$13,000, at current prices.

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 by using our submission system.

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