: Classifieds : MyJU :
Stories: News
Browse News Stories: « Previous Story | Next Story »

Falling oil prices trigger gas war

Date Posted: 2006-11-17

Okinawa City and central Okinawa gas stations are in a battle of the gas pumps, lowering prices to 108 per liter for regular gasoline.

The prices are well below the Okinawa average 115 per liter, but industry officials are apprehensive the low prices could cause dangers for the gas stations. The selling price is less than cost, and other services such as oil changes and car washes are making up only half the difference.

Not all stations in Okinawa City are engaged in the price slashing, staying more close to the 120 range. The highest price listed was 117 per liter, but that station quickly reduced the sale price to be competitive. We are going into the red as much as we sell, said one operator.

Tokyo gas stations, by comparison, are charging 131.7~137.6 per liter.

Customers are pleased with the lower prices, even if they are only temporary. One worker who said hed stopped driving because of the high prices, now says I will be driving again on holidays. Other customers are taking it all with a grain of salt, knowing it wont last. Surveys indicate most customers remain loyal to their regular service stations.

Its a state of emergency now, says the chairman of the Petroleum Cooperative of Okinawa. If gas stations keep this up, only the major gas stations can survive. Cost prices havent gone down that much.

Browse News Stories: « Previous Story | Next Story »

weather currency health and beauty restaurants Yellowpages JU Blog

JU FacebookOkistyleOkistyle

Go to advertising PDF?||?|o?L?qAE?|?}?OA?N?ga`OkiStyle?A??q?qM?oeu^?I`??N?gX?<eth>?<ETH>?ni^?IWanted!!Golden Kings ScheduleOkiNightSeeker