Lauren In Tokyo

Monday, June 02, 2008

Gas prices jump 10 yen per liter yesterday

Gas prices here in Tokyo have never been especially cheap. When we first got our car, the prices were about 100 yen/liter. The yen was also a lot weaker in those days, so assuming that the exchange rate was about 120 yen/dollar, the price of a gallon of gas was about $3.80/gal. This was back in 2004.

Yesterday, gas prices hit an all time high here. 170 yen/liter. A 70% jump in price in just 4 years. Doing the math with the latest yen/dollar exchange rate of 105 yen/dollar, we get $6.12/gal.

Needless to say, our driving habits have had to adapt.

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