Fuel Prices in Central America Al May 8th, 2018  

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From a statement issued by the Ministry of Economy of El Salvador:
Click to interact with graphsClick to interact with graphs
Added to the geopolitical tension generated by the US' decision to withdraw from the nuclear pact with Iran, is the increase in demand from Asian countries, especially China, which is the country that consumes the most crude oil and derivatives. Its latest report indicates that it has reached record levels with 9 million barrels per day, representing 10% of world consumption and more than a third of the entire Asian continent, leaving less product in the market. This, combined with the tight production restrictions of the OPEC and non-OPEC countries led by Russia and possible sanctions against Iran, is pushing international prices upwards, causing the country to experience increases for the present fortnight.  

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More on this topic

Central America: Fuel Prices up to February 11

February 2019

Price per gallon of regular gasoline: Costa Rica $3.48, Nicaragua $3.28, Honduras $3.19, El Salvador $2.81, Guatemala $2.75 and Panama $2.56.

From the Ministry of Economy of El Salvador report:

The increase in the reference prices for the current fortnight, according to the last two reports provided by the IEA, is because the reserves of gasoline and diesel show decreases in the last two weeks.

Central America: Fuel Prices up to May 21

May 2018

Price of a gallon of regular gasoline: Costa Rica $4.22, Nicaragua $3.99, Honduras $3.78, El Salvador $3.58, Guatemala $3.54 and Panama $3.24.

From a statement issued by the Ministry of Economy of El Salvador:

The latest report provided by the IEA states that inventories of oil and its derivatives from the United States fell by 1.4 million barrels, which has affected prices in the global market; likewise, gasoline inventories dropped by 3.8 million barrels, while distillate and diesel reserves decreased by 100,000 barrels; It should be noted that during the last two weeks these inventories have decreased a total of 7.7 million barrels, these figures impact the prices of domestic liquid fuels, due to the fact that El Salvador is a net importer of petroleum products.

Central America: Fuel Prices as of January 15

January 2018

Price of a gallon of regular gasoline: Costa Rica $3.92, Nicaragua $3.65, Honduras $3.52, El Salvador $3.20, Guatemala $3.18 and Panama $2.83.

From a report by the Ministry of Economy of El Salvador:

The cold front that hit the east coast and the northern region of the United States, caused an increase in demand for fuel for heating. [GRAFICA caption = "Click to interact with graph"]

Central America: Fuel Prices up to December 18

December 2017

Price of gallon of regular gasoline: Costa Rica $4.03, Nicaragua $3.59, Honduras $3.45, Guatemala $3.14, El Salvador $3.11 and Panama $2.91.

From a report by the Ministry of Economy of El Salvador:
[GRAFICA caption = "Click to interact with graphics"]