Jamaica Gas Prices

This week has seen Oil take a wild ride. Last week Oil fell below the US$100 dollar mark but this week Oil has traded as high as $130 per barrel before moving back down to around $106-107 in trading on Tuesday September 23, 2008.  In Jamaica we hope the price will keep trending down not up.

I have been noticing an increase in lines at certain gas stations in Kingston, a sure sign that motorists are picking the best places to buy gas.

Hot spots to get gas at the lowest prices in Kingston  include

• Petcom on Slipe Road
• Unipet on Slipe Road
• Total on Heroes Circle

If you know the prices please do not hesitate to submit.

Energy Crisis

In Jamaica, the price of Oil is not only hurting motorists. It is hurting all those, including myself, who have to depend on the Jamaica Public Service Company to provide energy.

The stories are frightening as bills have skyrocketed by as much as 50-60% over the last three months.  JPSco promises some relief in the September 2008 bills and we now await with hope.

In the meanwhile we must continue our efforts at conservations including planning our trips and avoiding uneccessary trips

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.