Gasoline prices drop for two consecutive weeks View of global economic slowdown due to new pneumonia February 5 at 15:01
Retail prices for regular gasoline fell for the second consecutive week at 151.2 yen per liter this week as crude oil prices fell on the view that the spread of the new coronavirus virus in China could slow the global economy.
According to the Petroleum Information Center, which surveys gasoline prices on behalf of the government, the national average retail price of regular gasoline as of March 3 fell 0.3 yen from last week to 151.2 yen per liter.
This was due to a decline in crude oil prices late last month in light of the view that the global economy would slow down due to the spread of the new coronavirus and demand for crude oil would decrease.
Gas prices have fallen for two consecutive weeks.
The Petroleum Information Center expects gasoline prices to fall next week as crude oil prices continue to fall due to the new coronavirus, and if infections continue to expand, gasoline prices may continue to fall again next week It has a nature.