TOKYO - Japan's retail regular gasoline prices have fallen to their lowest on records going back to 2004, a research body said on Thursday, as crude oil prices have dived more than $100 since hitting all-time highs in mid-July.
The average pump price of regular gasoline in Japan was 110.6 yen ($1.22) per liter ($4.62 a U.S. gallon) on Thursday, down for the 20th straight week and marking the lowest since the Oil Information Center started taking the survey in June 2004.
The data was released a day later than usual due to a national holiday on Tuesday. The latest price marks a 40.2 percent decline from the record 185.1 yen hit on August 4.
From this autumn several domestic refiners began revising domestic wholesale gasoline and other oil prices on a weekly basis to allow spot market prices to reflect trends earlier.
Price adjustments had previously been done once a month based on changes in crude oil import and other costs.
Following is a table of average retail prices in Japan for regular gasoline, high-octane gasoline and diesel oil (yen per liter, with kerosene in yen per 18 liters):
DATE High-octane Regular Diesel Kerosene
Dec 22 121.6 110.6 106.0 1,292
Dec 15 125.5 114.7 109.3 1,332
Dec 8 129.9 119.1 113.2 1,377
Dec 1 134.1 123.3 117.0 1,431
Nov 25 138.7 127.9 120.7 1,498
Nov 17 142.9 132.0 124.0 1,566
Nov 10 147.5 136.6 127.8 1,651
Nov 4 151.9 141.0 131.2 1,737
Oct 27 162.2 151.3 139.5 1,943
Oct 20 168.2 157.4 144.0 2,018
Oct 14 172.5 161.6 147.5 2,075
Oct 6 175.5 164.7 150.0 2,117
Sept 29 181.1 170.2 155.8 2,235
Sept 22 182.3 171.5 156.9 2,248
Sept 16 183.8 173.0 158.0 2,264
Sept 8 185.3 174.5 159.1 2,276
Sept 1 187.1 176.2 160.5 2,293
The average pump price of regular gasoline in Japan was 110.6 yen ($1.22) per liter ($4.62 a U.S. gallon) on Thursday, down for the 20th straight week and marking the lowest since the Oil Information Center started taking the survey in June 2004.
The data was released a day later than usual due to a national holiday on Tuesday. The latest price marks a 40.2 percent decline from the record 185.1 yen hit on August 4.
From this autumn several domestic refiners began revising domestic wholesale gasoline and other oil prices on a weekly basis to allow spot market prices to reflect trends earlier.
Price adjustments had previously been done once a month based on changes in crude oil import and other costs.
Following is a table of average retail prices in Japan for regular gasoline, high-octane gasoline and diesel oil (yen per liter, with kerosene in yen per 18 liters):
DATE High-octane Regular Diesel Kerosene
Dec 22 121.6 110.6 106.0 1,292
Dec 15 125.5 114.7 109.3 1,332
Dec 8 129.9 119.1 113.2 1,377
Dec 1 134.1 123.3 117.0 1,431
Nov 25 138.7 127.9 120.7 1,498
Nov 17 142.9 132.0 124.0 1,566
Nov 10 147.5 136.6 127.8 1,651
Nov 4 151.9 141.0 131.2 1,737
Oct 27 162.2 151.3 139.5 1,943
Oct 20 168.2 157.4 144.0 2,018
Oct 14 172.5 161.6 147.5 2,075
Oct 6 175.5 164.7 150.0 2,117
Sept 29 181.1 170.2 155.8 2,235
Sept 22 182.3 171.5 156.9 2,248
Sept 16 183.8 173.0 158.0 2,264
Sept 8 185.3 174.5 159.1 2,276
Sept 1 187.1 176.2 160.5 2,293
