HIGH gas prices forced many Jamaicans to change their travel plans for the Easter holiday weekend.

A Jamaica Observer online poll shows that seven in 10 persons altered plans this weekend because of fuel costs. Almost 50 per cent of respondents say gas prices completely curtailed planned activities, nearly a third claim it was “somewhat influential” while just over a fourth boasts that their plans were not impacted at all.

The Easter holiday weekend kicked off on Good Friday and runs up to Easter Monday. Many Jamaicans traditionally travel to visit family and friends out of town or flock to parties in resort areas such as Ocho Rios and Negril. But record-high petroleum prices this year have threatened celebrations, with refinery prices for e10 87 and e10 90 gasoline having both risen by more than $13 a litre since the start of the year.

Taneisha Lewis, a public relations officer based in Kingston, shelved her usual holiday weekend plans because of high gas prices.

“Well, it has ruined it. I had to cancel my plan to visit family out of town,” she told Sunday Finance.

Lewis opted to “stay home and watch TV” instead of taking the costly journey in her sedan to see her relatives on the north coast.

The travel plans of St Catherine-based teacher Luther Davis suffered a similar setback. Davis, his wife and two children would usually take a ride in his station wagon to visit family in western Jamaica over the Easter weekend, but those plans were cancelled because of high fuel costs, he said.

“Gas prices have been impacting my life significantly, I would say, over the past year,” revealed Davis.

The teacher disclosed that the family has had to cut back on travelling by car significantly because of the rising petrol prices. He highlighted specifically that he no longer provides a lift by car to his wife

futuristic gas pump with mp3 download capability
Image by constantskepticupdates via Flickr

EX-IM Bank Jamaica on Tuesday urged Jamaican producers to begin retrofitting their operations for energy efficiency to contain costs, as oil prices climb on the world market.

Crude sold for more than US$91 per barrel Tuesday and is forecast to hit US$100 sometime this year.

EX-IM said producers should act now to access its energy loan to develop renewable energy systems, such as solar, wind, biogas, for electricity conservation to protect against the adverse effects of rising energy costs.

The loans are priced at 9.5 per cent on JMD credit.

Jamaica’s electricity costs are among the highest in the region, due largely to high dependence on imported oil, the bank said in a statement.

“Analysts expect the cost of fossil fuels to increase, and the demand for these products to also increase. That creates the perfect scenario for high prices which can be detrimental to local businesses,” said Ann-Marie Walter Allen, chief marketing officer.

“Business owners can therefore mitigate against those risks by spending the money now to cut dependence on oil and thus see better profit in the future.”

Jamaica Gleaner