Japanese Gasoline Sales in FY05 Drop for 1st Time in 21 Years

The Nihon Keizai Shimbun reports that gasoline sales in Japan in fiscal year 2005 dropped for the first time in 21 years on factors such as surging prices and more fuel-efficient cars. Gasoline sales had previously fallen just twice since 1950: in 1974, during the first global oil crisis, and then in 1984, when record heat curtailed leisure travel.

The retail price of regular gasoline in March came to
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