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Gas Hits 6.20 Per Gallon!

Posted by Mark Weitzman Posted on: 07/02/08

Gas Hits 6.20 Per Gallon!



That's the June 28 average price in Japan, converted from yen-per-liter to it's dollar-gallon equivalent.  Japan has a gasoline surplus, so some gas may be exported to the US. In May, a meeting involving the U.S. Department of Energy, Japan's trade ministry Exxon Mobil Corp and Nippon Oil, was held in San Francisco to discuss gasoline exports to the US from Japan. Although both countries agreed that the US would stand to gain by getting Japanese gasoline, no detailed arrangements were made.



The price of unleaded gasoline sold on US military installations in Japan has gone up to USD 4.004 per gallon. A price of $3.47 per gallon for unleaded is available only at Marine Corps Air Station Iwakuni. That price has been unchanged since December.

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