Price of gallon of regular gasoline: Costa Rica $4.02, Nicaragua $3.71, Honduras $3.63, Guatemala $3.22, El Salvador $3.20 and Panama $2.95.
Monday, March 12, 2018
Fuel Prices in Central America
Al May 8th, 2018
CentralAmericaDataINFORMACIÓN DE MERCADOS
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From a report by the Ministry of Economy of El Salvador:
The current reference prices are experiencing their second reduction at the national level due to the tension generated by North American and geopolitical productive factors created by uncertainty inworld tariffmatters. Click to interact with graphClick to interact with graph
The United States continues in its race to be the largest producer of oil and its derivatives, according to the latest report from the United States Energy Agency (EIA), its oil production increased by approximately 2.4 million barrels per week; usually at this time the extraction of crude tends to rise because refineries tend to close for maintenance, when winter is about to end in the northern country, however this increase continues to be a strong influence on international prices, while inventories of gasolines, distillates and diesel remained practically unchanged since only 700 thousand barrels were reduced in gasolines and diesel only decreased 500 thousand barrels in the last week giving a variation of -1.4%.
Price in dollars
Regular
Special
Diesel
El Salvador
3.20
3.41
2.86
Guatemala
3.22
3.36
2.75
Honduras
3.63
3.97
3.30
Nicaragua
3.71
3.87
3.27
Costa Rica
4.02
4.17
3.55
Panama
2.95
3.08
2.70
*Data taken from Acodeco.gob.pa
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Price per gallon of regular gasoline: Costa Rica $3.86, Nicaragua $3.53, Honduras $3.41, El Salvador $3.06, Guatemala $3.05 and Panama $2.83.
From the Ministry of Economy of El Salvador:
The current reference prices are low for gasoline and diesel nationally, this responds to the latest weekly report of oil reserves provided by the IEA, which reported a 5.07-million-barrel increase, well above the forecast of experts who predicted a superficial growth of just 500 thousand barrels per week. This generates continuity of raw material for petroleum products, even though gasoline reserves decreased 3.04 million barrels and diesel 1.03 million barrels per week.
Price per gallon of regular gasoline: Costa Rica $3.94, Nicaragua $3.35, Honduras $3.27, El Salvador $2.78, Guatemala $2.78 and Panama $2.64.
From the report of the Ministry of Economy of El Salvador:
The latest report from 2018, provided by the International Energy Agency (AIE) reports that gasoline reserves experienced a significant increase of slightly more than 3.0 million barrels per week against expert forecasts that predicted a minimum increase of just 50,000 barrels per week. Also, distillates such as diesel, kept their production rate and was almost invariable its trend with respect to the previous week, as it only increased 2,000 barrels in the week, against an expectation of a 500 thousand barrels reduction, which despite the favorable environment for the reduction of such a derivative of oil along with heating, its stability allows prices to be downward, along with those of gasoline.
Price of a gallon of regular gasoline: Costa Rica $4.33, Nicaragua $3.96, Honduras $3.76, El Salvador $3.53, Guatemala $3.44 and Panama $3.22.
From a report by the Ministry of Economy of El Salvador:
For the second consecutive week there are mixed trends in the reference prices of liquid fuels in El Salvador, due to the international behavior of prices of oil and its derivatives, which according to the latest report from the Energy Information Administration Agency (EIA), show that the United States has seen a reduction in weekly gasoline reserves of 2.3 million barrels, since the North American country is in the summer period and it is the travel season when the highest amount of fuel consumption occurs; However, production (refining) has remained stable, since it has only decreased by 37,000 barrels of an estimated production of 1.5 million barrels per day, which has helped stabilize market prices.
Price of a gallon of regular gasoline: Costa Rica $4.33, Nicaragua $3.97, Honduras $3.74, El Salvador $3.51, Guatemala $3.46 and Panama $3.22.
From a report by the Ministry of Economy of El Salvador:
Despite a drop in inventories of crude oil in the United States, of approximately 12 million barrels, reported in the last week by the International Energy Agency (IEA), inventories of oil derivatives such as gasoline and diesel have seen slight fluctuations, ranging between weeks of increase and reduction in reserves; Gasoline stocks were reduced by approximately 2,199 million barrels in the last two weeks, despite the fact that the trend after that date showed an increase of 1,156 million barrels, similarly heating and diesel distillates increased their reserves in the last week by 4,125 million barrels, after two weeks of no change in their reserves, all according to reports by the IEA.
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