Amazingly, gasoline prices drop in China

Posted by Jeremy Goldkorn on Tuesday, May 24, 2005 at 12:54 PM

Gasoline prices in China have dropped for the first time since 2002. Number 93 juice now costs RMB 3.55 per liter (USD 0.43 / liter) in Beijing, RMB 0.13 cheaper than it was yesterday.

In the US state of Missouri which currently has the cheapest gasoline in America, gas goes for USD 1.92 per gallon, or about USD 0.50 per liter. So it's cheaper to drive your SUV in China than it is in gasoline-loving USA.

LINKS:
Beijing Youth Daily: Domestic gasoline prices drop for the first time in two years; 93 gas drops by RMB 0.13 (in Chinese)

Beijing Youth Daily: Beijing gas prices drop: industry insiders say the drop is against all expectations (in Chinese)

CNN: Gasoline prices state by state

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