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Gas Price Review - Week Ending December 5, 2007

This week PetroJam announced significant reduction in the prices of 87, 90 Octane and Diesel. The price of 87 and 90 Octane move down by $1.87 while the price of Diesel moved down by $0.96. This is the first significant reduction in ex-refinery prices from PetroJam in the last few weeks. This is a result of price of a Barrel of Oil on the world market continues to trade below the $90 mark. The announcement of ex-refinery prices should result in the decreases in the price of 87, 90 Octane and Deisel at the pumps .

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

Dec 5, 2007 Last Week
Product(avg.) $ per litre $ per litre
87 63.32 $ 62.65
90 67.55 $ 67.90
Diesel 66.64 $ 66.53

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. 19 - Dec 5
Lowest Price Highest Price Difference
Product $ per litre $ per litre $ per litre
87 $ 61.43 $ 68.8 $ 7.37
90 $ 64.23 $ 70.8 $ 6.57
Diesel $ 64.98 $ 70.4 $ 5.42

source: Jamaica Gas Prices data .

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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