World oil prices skyrocket

[Chris]

JAMAICANS ARE once again staring down the barrel of another increase in gas prices, as world oil prices struck a new record high yesterday.

The price of U.S. light crude oil reached a record high US$41.85 per barrel. The current price is the highest ever since the New York Mercantile Exchange launched the crude contract in 1983.

The nation, not yet acclimatised to the $1.55 per litre increase that was implemented at the pumps last Thursday, will, experts say, have to brace itself for another increase in the coming days.

According to Zia Mian, an international consultant on information technology and energy, per litre prices at the pumps are the tip of the iceberg. "The problem for Jamaica is not at the pump level but how much foreign exchange is needed in order to finance the import bill," he said

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The gas prices are getting ridiculously high! I put JM$1,000 in my wife's car yesterday and it barely passed the 1/2 mark Earlier this year the same money would have almost filled it up!

[AngelsKiss]

It's the same here in Canada and the USA, everyone is complaining about the rise in oil price. This is something else we can blame on Shrubs and his stupid war, or at least its a contributing factor.

[Arch_Angel]

Man, if the prices get too much higher, a bus mi a go start tek and park de car at home.
But sooner than later, you going to hear bus prices go up also.

It really getting rough.

[Chris]

I think now is the time for my wife to change her mind against getting a motorbike .. yeah .. a 2004 Honda CBR-600F4i

[Nastro]

Right I can just see you now coming home from the supermarket with 5 bags of grocerys on that.

[Chris]

Right I can just see you now coming home from the supermarket with 5 bags of grocerys on that.

Yeah man, just put on a little fudgie box on the back

[Arch_Angel]

LOL!

That was my main problem in getting a bike. Not enough space to carry anything. It's just basically used to transport you around the place. Not to carry your groceries.