Thursday, May 1, 2008

Gas Price Surge is on!


Today was a big day in Japan for everyone that drives a car. Which is most people! Gas prices spiked today by about 30 yen a liter (about $1.15 per gallon more!), in order to meet the government's new gas taxes.

In essence, gas taxes temporarily went away for the past month, bringing gas down to around 120~125 yen per liter (about $3.75 ~ 3.95 per gallon) over the past month. That time has ended, and with the start of the new month, a new tax of around 25 yen per month kicked in, thereby effectively causing gas stations to jack there prices. And these taxes are here to stay. For the next 10 years.

Basically, if you didn't top off the tank before yesterday, boy did you get screwed today.

Hit the jump for the full story about taxes, prime minister Yasuo Fukuda's comments, and
the opposition trying to change this.

Gas tax bill (via Japan Times)

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Alex Baker works in NYC doing web development during the day and puts on a cape to solve riddles and crime by night. In his free time, he shreds the skins in DBCR, explores NYC and other places and geeks out on new tech.