Tuesday, May 4, 2010

What's happenng to the gas price?

For the past decade gas prices are not stable at all. In the early 1990’s gas prices were low $1-range per gallons for major cities and many other places throughout the States. In the 90’s, prices only fluctuated within $1-range/Gallons, but when it hit year 2000 right when George W. Bush came into office, the gas prices sky rocketed because of the war. In Los Angeles Counties, prices went high up as much as low $4-range/Gallons. Since then, it’s still fluctuating. Japan used to be between 90 Yen to 97 yen/Liter during the 90’s.
For the past 5 years the average gradually went down, but this week it went up again. Japan is currently at the average of 137 Yen/Liter. We really don’t want to pay a lot of money just on gasoline, especially people who uses gasoline a lot almost or every day. Companies who uses transportations as a main source of business is probably having a hard time lowering the cost of gases.
Recently, interesting thing is that Suzuki is re-launching a “Free Gas for Summer” promotion May 1st to August 31st for their new approved models from aurthorized dealers. (further detail: “Free Gas for Summer” promotion). I think that this is a good way to promote being-active-in-an-economy and the company itself because the high gas price will tend to discourage people or the consumer will drive less often to the store to buy products or services. Even if it was only use for fun use, economy will gain because people will tend to stop somewhere that will help the economy.
Expensive gas prices has discourage me from driving too much and, if I had this kind of promotion that Suzuki was doing, I would be out more and done something tat I haven’t realized that it was helping the economy.

1 comment:

  1. I've never seen a promotion such as the Free Gas for Summer offered by Suzuki. I wonder how much it has helped to boost new car sales. It seems like the sort of promotion that could influence many car buyers.

    I've heard some people say that because of decreasing future oil outputs due to the Peak Oil Theory, future prices of gas and oil will continue to rise.

    Do you know if the cost of fuel has had much impact on motor sports around the world?

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