Gasoline prices continue to rise

TOKYO —

The Agency for Natural Resources and Energy says that, as of Aug 14, the national average for the price of regular gasoline has risen to 160 yen per liter, 0.1 yen higher than the previous week.

The survey marks the 6th week in a row the price has risen, and, with the price above 160 yen for 2 weeks, the standard from October 2008 has continued. With the stability of various parts of the Middle East, such as Egypt uncertain, the price of fossil fuels has continued to rise, as the pattern of oil companies subsequently raising prices.

As for specific areas, the price rose in 37 prefectures, stayed the same in one prefecture, and was lowered in 8 prefectures.

High-octane gasoline was priced at 171 yen, rising 0.2 yen from the previous week. Diesel also rose 0.1 to a total of 138 yen.

According to the price listing and car-owner’s fuel consumption management service with over 600,000 users, Carlife Navi, as of August 14, the average price for regular gasoline was 153.6 yen/liter, high-octane 164.6 yen/liter, and diesel 129.6 yen/ liter.

While The Agency for Natural Resources and Energy communicates the average price at which gas is “sold,” Carlife Navi has published the price at which gas is “purchased.” Their average purchase price is made cheaper by members being oriented towards cheap prices, as well the existence of price discounts for card-holding members.

Response.jp

  • 1

    gaijintraveller

    Thank you, Mr Abe. This is a direct result of Abnomics. It hits all drivers in the pocket. Later it will trickle down and lead to increased transportation costs and an increase in price of anything transported.

  • -1

    ElCid95

    That's almost twice as much as we pay in the USA. Wonder what causes your higher prices?

  • -1

    JeanValJean

    As oil price goes up, people will drive less. Prices of goods will increase. Abe and the other knuckle-draggers think the government coffers will grow, and they may somewhat, but the tipping point is coming where more people will reduce personal spending more drastically and the facade of recovery will crumble. Abenomics is the last straw.

  • 0

    Ex Animo

    What does the crude oil price hike have to do with Abenomics?

  • 1

    Get Real

    That's almost twice as much as we pay in the USA. Wonder what causes your higher prices?

    Responsible taxation, like most other developed economies.

    Still living beyond the planet's means, though.

  • -1

    CrazyJoe

    It must be annoying to the drivers who commute to work. Are carpools nonexistent here?

  • 2

    StormR

    Cool this could lead to less traffic, great, it will make driving around a fair bit more pleasant with less traffic clogging up the roads.

    Only use my car for shopping anyway and to move around the place i much prefer to ride my motorcycle so gas price is not much of an issue for me.

  • 0

    globalwatcher

    That's almost twice as much as we pay in the USA.

    3.785 liters = 1 gallon

    I believe I paid $3.73 per gallon today in US. Wanna do a math?

  • -2

    StormR

    gallon was 4.4 liters back when i went to school wheres this 3.785 come from?

  • 3

    cleo

    gallon was 4.4 liters back when i went to school wheres this 3.785 come from?

    An imperial gallon (4.5l) is bigger than a US gallon (3.8l).

  • 1

    Jack Stern

    Gasoline stations will begin t suffer with smaller fill ups and fewer cars which will lead to closures and lay offs.

  • -1

    Matthew Simon

    3.785 liters = 1 gallon

    I believe I paid $3.73 per gallon today in US. Wanna do a math?

    Globewatcher with your calculations as listed that would make a US Gallon of gas cost $6.38 here at 95yen to 1 dollar ( after bank conversions) in Japan which is nearly double your price as ElCid95 said above. So.....

  • 0

    commonjunks

    We are paying SGD 2.20/liter on Shell 95 which is around 168.59 YEN - google conversion. This price is before GST and you can add 7% on top of 2.20S$.

  • 0

    gogogo

    Fuel is becoming like an investment, buy 1000 liters today, next year it is worth more!

  • 2

    ElCid95

    Matthew, www.gasbuddy.com shows the current prices of gasoline in the states. A quick check shows the lowest today is $3.08 per gallon in Anderson, South Carolina, and the highest is $4.09 in San Francisco, California. Using a conversion rate of 3.78 liters per gallon and 95 Yen to the Dollar, you get equivalent prices of 77 Yen to 102 Yen respectively per liter.

  • 0

    kurisupisu

    Much like the price of beer in Japan the price of gas doesn't seem to vary.Why is this? And where are the small independent refiners that could make the price more competitive?

    For a small errand instead of taking the car I chose to walk. However, with temperatures in the high thirties most people take the car instead of walking or cycling. However, if more car drivers did the same as i did today then the price would drop...

  • 0

    globalwatcher

    1 US gallon = 3.78541178?

  • -1

    TrevorPeace1

    Same prices as Canada and half those of the UK. Get used to it.

  • -1

    SamuraiBlue

    kurisupisu

    It will probably go up not down. The unfortunate reality is that the middle east is further away from Japan then South America is from the United States. On top insurance cost, and no subsidies for Japan rakes up the cost at the pump in Japan then in the US. Although the price of crude oil is basically the same anywhere around the world based on price index fixed in London and New York, the cost varies due to variables unique from nation to nation adversely alters the price at the pump from nation to nation.

  • 2

    Darren Brannan

    ha! go whinge! 1.56 a litre here in australia.

  • 3

    presto345

    Here is another figure, in Germany regular gasoline retails at 208 yen per liter (current exchange rate).

  • 1

    Seawolf

    Just bought a new, big car because the family has gotten bigger. Before it was a K-car, 0.6 liter engine, now it's a 2.0 liter engine. And tell you what, the new car actually uses less gasoline! The old one, 15 years old, 4 gears, low transmission automatic. New one 7 gears, automatic, with optional manual shift. Only problem is, the new car is so much fun to drive I might use it more than before instead of my trusted mountain bike.

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