The average price of gasoline in Japan has risen for the 10th consecutive week, due to a global surge in crude oil prices.
The Oil Information Center says nationwide retail prices for a liter of regular gasoline this week averaged 138.1 yen, or about one dollar and 68 cents. The figure is up 0.2 yen from last week, marking a new high since June last year.
The high price is attributed to the United States' easy monetary policy, which has prompted increased investment in crude futures, as well as growing demand from emerging economies.
The agency says concern about developments in Egypt will likely keep prices of petroleum products high