Jamaica Gas Prices

Jamaicans woke up the news that Oil Prices yesterday hit a new record of $93.53 per barrel. The world economy could be in trouble if these Oil prices continue in the direction they are going.

Analysts say that the reason for the latest round of increases is combination of factors. These factors include a weak American dollar, oil production problems in Mexico and continuing tensions in Northern Iraq.

A weak American dollar is interesting as despite the American dollar weakening on the world market the Jamaican dollar continues to weaken against the it.

Increases in Oil prices and the resultant increases in Gas prices means that Jamaicans are bound to face rising transportation cost and direct and in-direct increases.

Here at Jamaica Gas Prices we continue to encourage our readers to conserve, plan your trips, avoid the traffic and shop for the best prices you can.