Price of a gallon of regular gasoline: Costa Rica $3.68, Nicaragua $3.48, Honduras $3.26, El Salvador $2.87, Guatemala $2.80 and Panama $2.59.
From a statement issued by the Ministry of Economy of El Salvador:
OPEC and non-member countries met in Russia in the city of St. Petersburg to review market conditions and generate new proposals linked to their pact to reduce production, in which they considered extending their cut beyond March 2018, the Saudi Arabia's Minister energy minister, Khalid al-Falih, said his country would limit crude oil exports to about 6.6 million barrels per day, almost one million below a year ago, in order to help accelerate the rebalancing of global supply and demand.[GRAFICA caption = "Click to interact with graphics"]
Price of a gallon of regular gasoline: Costa Rica $3.85, Honduras $3.54, Nicaragua $3.49, Guatemala $2.98, El Salvador $2.94 and Panama $2.59.
From a statement issued by the Ministry of Economy of El Salvador:
The current reference prices for gasoline and diesel show a slight upward trend due to fluctuations that repeatedly affect or benefit the international market for oil products; As well as a reduction in the production that the United States reported in its weekly report provided by the United States Energy Information Administration (EIA), that oil reserves had fallen by approximately 7.5 million barrels, doubling what was anticipated by experts in the hydrocarbons market, in addition to an acceleration in the growth of demand in China. [GRAPHIC caption = "Click to interact with the graph"]
Price of the gallon of regular gasoline: Costa Rica $4.05, Honduras $3.69, Nicaragua $3.58, Guatemala and El Salvador $3.06, and Panama, $2.81.
From a statement issued by the Ministry of Economy of El Salvador:
The current reference prices for gasoline and diesel are trending downwards due to supply and demand, on the demand side, there is less economic activity in the world, especially in China; while on the supply side, as a consequence of a rapid recovery in unconventional oil extraction from wells in the United States and a slow reduction of inventories of this nation have caused a decrease inprices. Likewise, the prices of hydrocarbonsare surrounded by uncertainty about the course of the meeting that OPEC will hold on May 25 in Vienna, Austria, where further efforts will be made to reduce oil extraction by member and non-member countries until the end of the year. This year, in addition to geopolitical factors that are affecting prices in significant way and which could vary from moment to moment.[GRAFICA caption = "Click to interact with graphics"]
Price of gallon of regular gasoline: Costa Rica $3.81, Nicaragua $3.64, Honduras $3.33, Guatemala $3.01, El Salvador $2.99 and Panama $2.82.
From a statement issued by the Ministry of Economy of El Salvador:
The reference prices for liquid fuels in El Salvador (and in Central America) are directly affected by international events, seeing as we are a country that is a net importer and marketer of oil products, for which reason since the start of the year oil prices have risen by about 20 percent after the OPEC and other countries such as Russia agreed to cut production by nearly 1.8 million barrels a day, the OPEC and other Russia leaders will be meeting in late May to decide whether to extend the cuts until the end of this year, in addition as US production costs decline, pressure on other oil producers is intensifying, especially for nations that are trying to maintain prices by reducing daily production, The United States has attacked an air base of the Syrian Government with missiles and generated tension in the producing countries of the Middle East.
Price of gallon of regular gasoline: Costa Rica $3.82, Nicaragua $3.40, Honduras $3.32, Guatemala $2.86, El Salvador $2.84 and Panama $2.65.
From a statement issued by the Ministry of Economy of El Salvador:
The price trend is due to factors that have prevailed in recent months such as decisions taken by the OPEC, inventory accumulation in North America, demand, and unconventional oil production.[GRAFICA caption = "Click to interact with graphics"]
Price of gallon of regular gasoline: Costa Rica $3.78, Nicaragua $3.49, Honduras $3.36, Guatemala $2.92, El Salvador $2.86 and Panama $2.70.
From a statement issued by the Ministry of Economy of El Salvador:
Under the uncertainty surrounding the behavior of international prices of petroleum products due to supply and demand, which has been the primary and determinant factor in variations in oil prices, the reference prices of liquid fuels in the current fortnight once again show mixed trends in gasoline and new low diesel prices due to the following factors:
Price of gallon of regular gasoline: Costa Rica $3.93, Nicaragua $3.46, Honduras $3.39, Guatemala $2.92, El Salvador $2.86 and Panama $2.70.
From a statement issued by the Ministry of Economy of El Salvador:
Reference prices in the current fortnight show mixed trends caused directly by rising average prices of petroleum, a situation that has been going on for months, which is why in the current fortnight, diesel prices have been affected.
Price of gallon of regular gasoline: Costa Rica $3.79, Nicaragua $3.51, Honduras $3.47, Guatemala $2.96, El Salvador $2.90 y Panamá $2.77.
From a statement issued by the Ministry of Economy of El Salvador: [GRAFICA caption = "Click to interact with graphics"] The reference prices of gasoline and diesel in El Salvador, experienced further declines, due to the impact generated by the increased production of petroleum and petroleum products in the United States, this enhancement is limiting the impact of the agreement reached by member countries and non-OPEC members; despite this, the volatility in international prices of petroleum remains impossible to predict.
Price of gallon of regular gasoline: Costa Rica $3.78, Nicaragua $3.61, Honduras $3.44, Guatemala $3.02, El Salvador $2.96 and Panamá $2.83.
From a statement issued by the Ministry of Economy of El Salvador:
Fuel prices in Central America, in the current fortnight, have gone up, having been directly affected by a recent recovery in international prices of oil derivatives, which has once again become a determining factor and one that is difficult to predict (ups and downs); Similarly, the rise in prices is largely dependent on compliance with the agreement on reducing world production taken by the OPEC in the first quarter of 2017 and expectations that revolve around the next meeting of that body, also having an effect is the increase in Chinese crude imports, which have helped reduce supply relative to demand.
Price of gallon of regular gasoline: Panama $2.55, Guatemala $2.73, El Salvador $2.70, Honduras $3.23, Nicaragua $3.29, and Costa Rica, $3.67.
From a statement issued by the Ministry of Economy of El Salvador:
The current reference prices of liquid fuels in El Salvador have reached new lows that will benefit the pockets of Salvadorans, coming after two consecutive increases, these price changes are directly due to the instability and volatility (ups and downs) in the international prices of petroleum products which are affected by global and geopolitical events; currently the countries of OPEC and Russia are scheduled to meet informally on Wednesday in Algeria, with the goal of fighting the over-supply of crude oil and its derivatives.Also,Libyan production has increased by about 390,000 barrels per day after the cessation of fighting between armed groups, just as Russia is flooding the market because of its near record highs in production, stated specialists, these facts are leading to an overabundance in supply in the global market for refined oil, thus destabilizing international prices.
Price of gallon of regular gasoline: Panama $2.65, Guatemala $2.79, El Salvador $2.77, Honduras $3.23, Nicaragua $3.41, and Costa Rica, $3.67.
From a statement issued by the Ministry of Economy of El Salvador:
Variations in current reference prices of liquid fuels are being pushed upwards due to the usual volatility in international prices of oil and its derivatives, which this week have fluctuated due to uncertainty caused by the Organization of Petroleum Exporting Countries (OPEC) and producers outside of the group, having informal talks in Algeria during the International Energy Forum; also a surprise decline in US inventories, in light of a record drop in imports into the US Gulf of Mexico, which led to a fall in inventories to the lowest level since records began in 1990, due to the passage of tropical storm Hermine, which last week threatened activities in the Gulf of Mexico before moving to the eastern United States, an event which resulted in a drop of the country's oil production and a drop in imports, causing further increases in fuel prices in the region.
Price of gallon of regular gasoline: $2.51, Guatemala $2.79, El Salvador $2.74, Honduras $3.15, Nicaragua $3.32, and Costa Rica, $3.82.
From a statement issued by the Ministry of Economy of El Salvador:
The rise in prices of oil products has been affected by a weakening of the dollar as a currency, as well as fires in Canada, instability in the region producing oil and its derivatives in Nigeria; and a series of suspensions of operations at refineries over fears of a possible hurricane heading towards the Gulf of Mexico, and added to this are supply disruptions in different parts of the world which have elevated international prices causing instability, confirming the volatility in the oil market, leading to abrupt price changes which are becoming impossible to predict, directly hitting the reference prices of liquid fuels in El Salvador.
Price of gallon of regular gasoline:
Panamá $2.63, Guatemala $2.71, El Salvador $2.81, Honduras $3.22, Nicaragua $3.46, and Costa Rica, $3.36.
From a statement issued by the Ministry of Economy of El Salvador:
Variations in international prices of refined products (gasoline and diesel) over the last few weeks have influenced prices in Central America, placing El Salvador in second place in terms of lowest prices in petrol and diesel.
Price of gallon of regular gasoline: Panamá $2.63, Guatemala and El Salvador $2.80, Honduras $3.31, Nicaragua $3.41, and Costa Rica, $3.92.
From a statement issued by the Ministry of Economy of El Salvador:
The Ministry of Economy announced on July 4 that the reference prices for fuels, in force from July 5 to 18, 2016, will experience further declines up - $ 0.04 in their prices.
Price of gallon of regular gasoline: Panama $2.59, Guatemala $2.70, El Salvador $2.75, Honduras $3.24, Nicaragua $3.32, and Costa Rica, $3.37.
From a statement issued by the Ministry of Economy of El Salvador:
The Ministry of Economy announced on May 23, that the reference prices for fuels, in force from May 24 to June 6, 2016, will go up.
The rise in oil prices and principally its derivatives in recent weeks has caused prices of liquid fuels in El Salvador to suffer upward variations, due to the strength of the US economy which supports oil prices as well as problems caused by fires in oil-producing areas in Canada, sabotage and strikes in Nigeria and the severe crisis in Venezuela, which contributed to removing more than 2 million barrels per day from the market in recent weeks, these world events have caused fluctuations in international prices which remain volatile and are therefore causing higher prices nationwide.