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Gas Price Review - Week Ending November 14, 2007

This week PetroJam announced slight increases of $0.38,$0.38 and $0.33 on 87, 90 Octane and Diesel respectively. The announcement of ex-refinery prices should only result in marginal increase in local gas prices. With Oil Prices retreating to about $93-$94 barrel of Oil, there could be a little reprieve in gas prices in Jamaica in the coming weeks.

Average Prices
The average price of 87 Octane, 90 Octane and Diesel are shown below.

Nov. 14, 2007 Last Week
Product(avg.) $ per litre $ per litre
87 $ 62.82 $59.85
90 $ 67.20 $64.28
Diesel $ 64.71 $62.16


source: Jamaica Gas Prices data .

Highs and the Lows

The prices ranges for 87 Octane, 90 Octane and Diesel respectively are shown below. As usual the high & lows continue to reveal wide variations in prices which means that it possible for motorists to make significant savings if they choose to wisely plan their gas purchases.

Week
Nov. 8-14
Lowest Price Highest Price Difference
Product $ per litre $ per litre $ per litre
87 $61.11 $65.00 $3.89
90 $63.78 $73.3 $9.52
Diesel $63.42 $67.29 $3.87

source: Jamaica Gas Prices data .

As suggested last week prices of some products crossed the $70 per litre mark. This was particularly so at service stations that did not display their 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. It is all about users helping users save.

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