Price per gallon of regular gasoline: Costa Rica $3.97, Nicaragua $3.55, Honduras $3.40, El Salvador $3.09, Guatemala $3.09 and Panama $2.83.
Monday, September 23, 2019
From the Ministry of Economy of El Salvador statement:
The current reference prices show increases in the prices of gasoline and diesel, this is because of the recent armed attack on the country of Saudi Arabia, which is the world's second largest producer of oil and derivatives. Last September 14 was bombarded by drones its state processing plant Aramco, which paralyzed 50% of its production around 5.5 million barrels of oil per day. Last September 14 was bombarded by drones its state processing plant Aramco, which paralyzed 50% of its production around 5.5 million barrels of oil per day. Additionally, the refining of this plant was halted, which is equivalent to 7% of the world demand for refined products.
This incident caused international prices in the hydrocarbon market to increase abruptly between 12% and 15%, due to the fear of a fall in international supply. Likewise, producers and investors are in caution, because there is a possible geopolitical risk of a war between Saudi Arabia, the United States and Iran (the country responsible for the attack), generating uncertainty, even though Saudi Arabia reported that in a period of three weeks could return to 100% of its production and refining capacity.
Together, the IEA reported that U.S. gasoline and diesel reserves had a limited increase in their weekly report, gasoline increased 781 thousand barrels, while diesel increased 437 thousand barrels, although the reserves did not report decreases, the Agency did not provide certainty before the demand to cover in the coming weeks.
Price per gallon of regular gas: Costa Rica $3.94, Nicaragua $3.38, Honduras $3.36, El Salvador $2.86, Guatemala $2.82 and Panama $2.64.
From the report of the Ministry of Economy of El Salvador:
The current reference prices keep a clear downward trend, because of the oversupply provided by the three largest producers of oil and its derivatives, which represent 40% of world production.
Price per gallon of regular gasoline: Costa Rica $3.93, Nicaragua $3.55, Honduras $3.48, El Salvador $2.97, Guatemala $2.92 and Panama $2.77.
From the Ministry of Economy of El Salvador report:
During the last two months, the oil and its derivatives production has reached higher figures than expected, this is because the two largest producers, the United States and Saudi Arabia, have recorded figures never seen before.
Price of a gallon of regular gasoline: Costa Rica $4.31, Nicaragua $3.90, Honduras $3.81, El Salvador $3.51, Guatemala $3.40 and Panama $3.23.
From a report by the Ministry of Economy of El Salvador:
According to the latest report provided by the International Energy Agency (AIE) gasoline stocks went down by approximately 1.7 million barrels per week, but it was not so for distillates and diesel which had a slight increase in their reserves, of approximately 0.8 million barrels per week.
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