While there are few gas stations to be found throughout Hong Kong, the prices are quite reasonable by US standards. I found this station while wandering by myself in the middle of the night down a secluded street near the US consulate (Kennedy Road I believe). With the HK$ exchanged at a pegged rate of approximately US$7.75, the cost of regular unleaded is a bit less than $2 and premium is slightly over $2. This at least partially explains the city's very reasonable taxi fares.
Intellectual Arbitrage is the idea that in knowledge or service intensive industries, there's an opportunity to apply intellect at price points that are not previously possible, in order to achieve dramatic business outcomes. -Francisco D'Souza
Showing posts with label Economy of the People's Republic of China. Show all posts
Showing posts with label Economy of the People's Republic of China. Show all posts
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