Oil prices head still higher
A barrel of Brent petroleum has passed the 146-dollar mark and could rise even higher if the European Central Bank raises interest rates.
Friday, July 4, 2008
The latest price increase followed an announcement by the United States government that its oil inventories have fallen more than expected.
The rise in interest rates and lowering of the timeframes adopted by the government of Venezuela means that Honduras will have to seek other options for purchasing fuel.
In Costa Rica the cost that petroleum and its derivatives represent for the productive activities is an example of the distortions caused by the State in the prices of a vital input for the economy.
Price of a gallon of regular gas : $4.75 Costa Rica , Nicaragua $5.09 , Honduras $4.71, Guatemala $4.13, and El Salvador $4.16
International prices for a barrel of crude oil have dropped $31 in the last 30 days, but local fuel prices are still high.
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