Gasoline Price Fall Boon to Summer Travelers in Japan

Economy

Tokyo, Aug. 8 (Jiji Press)--Japanese gasoline prices are falling just ahead of the country's "Bon" holiday period in mid-August, lowering the costs of trips by car to visit parents or go vacationing.

The nationwide average of retail regular gasoline prices as of Monday stood at 145.50 yen per liter, the Natural Resources and Energy Agency said Wednesday.

The average is nearly 7 yen lower than in the same preholiday period last year, when gasoline prices surged placing extra financial burdens on travelers by car.

"I don't think the prices are low," a corporate worker in his 30s said despite the price drop. "I'll try not to go out (by car) except when necessary."

The male resident of Yokohama, Kanagawa Prefecture, south of Tokyo, used a Shinkansen bullet train instead of his own car to visit his parents in the western prefecture of Osaka during last year's Bon period.

[Copyright The Jiji Press, Ltd.]

Jiji Press