Gasoline Goes for $5.85/gallon

Posted by Bill Belew on May 11th, 2008 in Japan | Comments Off

Gasoline prices jumped by nearly 25cents a gallon.

The prices hit an all-time high at $5.85/gallon or Y159.2/liter…in Japan.

The result, business at gasoline stands in Japan despite the Golden Week holidays = travel season, was half as usual.

One wonders, what might the price of gasoline in the U.S. need to be before Americans start going to the pumps half the time?

Increased tax surcharges and climbing crude oil prices are at fault.

Of course, Japan being about the size of California and having a public transportation

infrastructure that can effectively take one anywhere, make that anywhere, in the state, can opt to not buy gas and take the train.

We can't do that here in America. 

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