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Gas Price Review - Week Ending November 21, 2007

This week PetroJam announced a decrease in the price of 87, 90 Octane and an increase for Diesel. The price of 87 and 90 Octane move down by $0.27 while the price of Diesel moved up by $0.05. The announcement of ex-refinery prices should result in decreases in 87 and 90 Octane prices however the price of diesel is likely to increase marginally or remain the same. With Oil Prices going to as high of US $99.32 for a barrel of Oil on Wednesday of this week, Jamaicans should brace themselves for further increases in the coming weeks.

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

Nov. 21, 2007 Last Week
Product(avg.) $ per litre $ per litre
87 $ 64.31 $ 62.82
90 $ 68.85 $ 67.20
Diesel $ 65.96 $ 64.71

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 in Jamaica to make significant savings if they choose to wisely plan their gas purchases.

Week
Nov. 15-21
Lowest Price Highest Price Difference
Product $ per litre $ per litre $ per litre
87 $ 61.64 $ 66.21 $ 4.57
90 $ 64.29 $ 72.05 $ 7.76
Diesel $ 63.93 $ 71.55 $ 7.62

source: Jamaica Gas Prices data .

Possible Savings

If you use over 30 litres(6.6 gallons) per week, choosing where you purchase gas using this week's differences could save you between $7,129.20 and $12,105.6 per annum.

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.

nb: 1 Imperial Gallon = 4.54 litres.

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