Friday, May 12, 2006

Gasoline Prices in Korea

The price of gasoline continues to rise no only in America. $3.00 per gallon is no longer unusual.

In Korea, gasoline prices are also hitting new highs. Current prices are hitting $6.10 per gallon.

Gasoline prices hit record high in S. Korea

SEOUL, May 12 (Yonhap) -- The price of gasoline sold in South Korea reached a record high, reflecting the continued rise in crude oil prices, the country's commerce ministry said Friday.

The average consumer price for gasoline was 1,544.4 won (US$1.65) per liter this week, up 1.1 won from the previous week, according to the Ministry of Commerce, Industry and Energy.

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