Jamaica Gas Prices

PetroJam has announced that this week, motorist will get a break from the rising petrol prices. Indeed  87 and 90 octane remain basically flat, while diesel decreased by about JMD $0.50. On the world market the price of Oil has fallen from its high of USD $135 per barrel to the low USD $120s.

Some analyst beleive that point has reached where motorist especially in the USA are becoming resistant to the higher prices as the fund. In Jamaica we have already seen that the demand for petrol has fallen off by 10% with predictions for this to worsen in the summer period.

The writing is on the wall. It is going to be a bad summer as Oil prices continue its march to that $150 mark. Once again Jamaicans will have to deal with massive increase at the pumps once again. The world is definitely facing a serious energy crisis.