Posts Tagged ‘Gas’

Oil Prices fall as American Economy remains weak

Thursday, August 26th, 2010

According to a report from in the Jamaica Gleaner, Oil prices have now fallen to US$71.63 per barrel. This is certainly good news to Jamaicans . The analyst blame the drop in price on the weak American economy.

However a weak American economy threatens the Jamaican economy as the majority of our tourists come from the USA and significant  portions of our trade. Also many Jamaicans also depend on remittances from relatives in the United States of Amercican, Canada and the United Kingdom among other countries.

However, lower oil prices should result in lower electrcity bills. So while motorists might breathe a sigh 0f relief, consider the rest of the economy.

Related

Share and Save

Monday, January 18th, 2010

Jamaica Gas Prices was set up with the idea that persons would share and save. Today that vision remains the same. By taking a few moments to note the prices you pay at the pump and posting that prices you would have shared and helped someone to save.

If everyone shares, we will easily know the best prices and where to get them. If are see prices as you drive along noted them or better yet have someone driving with you note the prices and at a safe time post these at http://jamaicagasprices.com.jm or http://mobile.jamaicagasprices.com.jm/ on your smartphones such as the Blackberry, Nokia, IPhone, HTC and others. You can follow us on twitter at http://twitter.com/jamaicagasprice

Once again we invite people to share. We are committed to bring some new features despite our failures in the past.

We need your participation, share and save in 2010. We will all need each other’s support.

Tax fueled Gas price increase is here

Tuesday, January 5th, 2010
Prices as seen at the New Kingston Texaco Service Station on January 2, 2010

Prices as seen at the New Kingston Texaco Service Station on January 2, 2010

Starting January 1, 2010,  the price of gas products at the pump at Jamaican service stations has risen. This is a result of the new taxes announced by the Government of Jamaica on December 17, 2009 and retained in revised tax package of December 23, 2009. The government hopes to raise JMD $9.4 billion of taxes from this measure.

The resulting effect is that motorist will pay significantly more at the pump.  As demonstrated in the previous post, ‘New Gas Tax hits Jamaica‘, the price to motorist will move up no less than $9.00 per litre at this time.  A Gleaner/Power 106 news report suggested the price of gas will increase by over $10 per litre.

On the street

When motorists drive around or visit the pumps this week, they will see prices ranging from the high eighties (80s)  to the high nineties (90s).  With the price of Oil increasing on the world market, expect to see gasoline being sold for as much as JMD $100+ per litre ( JMD $460 per gallon) in the coming weeks.

Sources:

Help for traffic in Montego Bay Jamaica

Friday, September 11th, 2009

So often when we talk about Jamaica we tend to focus on the major cities and towns e.g. Kingston and just maybe Montego Bay and Ocho Rios. Today we shift a little to focus on Montego Bay.

Motorists in Montego Bay and most parish capitals and major towns e.g. Santa Cruz, St. Elizabeth, St. Ann’s Bay, Brown’s Town and Ocho Rios, St. Ann among others,  have had to endure horrendous traffic conditions.  Some of the problem can be blamed on the behaviour of the motorists while most of it really has to do it inadequate infrastructure, the result of poor planning.

Traffic is enemy of the motorist as it results in greater gas consumption, that is reduce mileage, general wear and tear on the vehicles engine.  It is in this vein that I am happy to see that something is being done again to try and fix the traffic situation in Montego Bay.  The opening of the Howard Cooke Highway went a long way many years back ( I can remember) to solving  the problem by allowing traffic to bypass the city center. Now the city center for years has continued to suffer.

Recently Radio Jamaica carried report about help for Montego Bay’s Traffic Problem. The plan, a traffic management system, calls for new traffic lights and surveillance systems.  It is interesting that the article made note of the consultations held among the motoring public, pedestrians and the authorities. It is hoped that the team work will make a difference.

No ‘organised’ Public Transport.

On the other hand St. James does not have an ‘organised’ public transport system. Transportation is basically limited to route taxis and the competing illegal taxis referred to as ‘robots’.  I was surprised that there was no mention of this in the plan.  As long as there is no proper public transport system the demand for vehicles will grow and problem will not go away. Some plan to stamp out the indiscipline needs to be in place.

Personally, the city and parish needs an overall as some of the streets are just too small and there is revisit the traffic flow. There is also a need for improved road signs such as one-way signs, street names and the vandalism of these signs needs to stop.  Finally there needs to proper planning for development of the city and proper transport centers will be critical.

Half-way-tree transport center example

The order that the Half-way-tree transport center has brought to Half-way-tree is amazing and projects of this kind relevant to  needs of other town centers need to be explored. It is interesting that it is the “robot” taxis that threaten to disturb the order of Half-way-tree.

The reality though is nothing burns gasoline like sitting idle or in being slow moving traffic and any solution will be of benefit to struggling motorist. What do you think is solution to Montego Bay’s traffic problem?

Source:

Gas Tax increase in Jamaica Today

Monday, April 27th, 2009

Today is the day when the the gas tax announced by Jamaica’s Minister of Finance takes effect. According to a  Jamaica Gleaner report,  there was a rush on Gas Stations yesterday, however, I did not see any at the stations I passed.  Indeed, I  happened to be at a Gas Station twice in the evening an although there was an increase in activity there were no delays or no real rush.

The jamaican government seems to believe, based on pass experience, that the demand for Gasoline will not change with the price increase, i.e. demand will be inelastic, to borrow a term from economic theory. The months ahead will prove whether their assessment was right or wrong.

In the meanwhile, remember to practice these gas saving tips.

Related: