Price of gallon of regular gasoline: Costa Rica $3.93, Nicaragua $3.74, Honduras $3.63, Guatemala $3.31, El Salvador $3.29 and Panama $2.99.
From a report by the Ministry of Economy of El Salvador:
The harsh winter that has hit the United States has caused an increase in the production of energy generated frompetroleumderivatives, which is used for heating, as well as the general consumption of derivatives in the North American country, which has contributed to a decrease in reserves in the United States.[GRAFICA caption = "Click to interact with graph"]
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"]
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"] The mixed trend in the United States strategic reserves of crude oil and liquid fuels (diesel and gasoline) influenced the new reference prices for the last fortnight of 2017 following the last inventory report by the United States, the Organization of the Exporting Countries of Petroleum (OPEC) is holding firm to its pact to cut production of its member countries along with Russia.
Price of gallon of regular gasoline: Costa Rica $4.03, Nicaragua $3.59, Honduras $3.45, Guatemala $3.18, El Salvador $3.13 and Panama $2.92.
From a report by the Ministry of Economy of El Salvador:
The reference prices for gasoline and diesel will experience new increases as of December 5 due to the mixed behavior of the international prices of petroleum products; supported by the extension of the pact established by the Organization of Petroleum Exporting Countries (OPEC) in reducing production of crude oil and oil derivatives.[GRAFICA caption = "Click to interact with graphics"]
Industrialists in Costa Rica are opposed to the appeal lodged by deputies against the presidential decree that prevented the rise of 72% in the price of LP gas and 35% in bunker fuel.
From a statement issued by the Chamber of Industries of Costa Rica:
The Chamber of Industries of Costa Rica said that nullifying the presidential decree on Sector Policy, as several Deputies want to do, will affect employment.Last week, deputy Luis Alberto Vasquez Castro and other lawmakers presented an appeal to the Constitutional Court against the decree by President Luis Guillermo Solis of January, a decree that prevented the ARESEP from changing the methodology of fuel prices.This presidential decree, put an end to the disproportionate increase in the price of Liquefied Petroleum Gas (LPG), 72%, and bunker fuel, 35%, which are key materials for the industrial sector.
Price of gallon of regular gasoline: Panamá $2,63, Guatemala $2,71, El Salvador $2,81, Honduras $3,22, Nicaragua $3,46, y Costa Rica, $3,36.
From a statement issued by the Ministry of Economy of El Salvador:
The Ministry of Economy announced on June 6, that the reference prices for fuels, in force from 7 to 20 June 2016, will experience an increase in their prices.
Businessmen from the sector are complaining about continued delays in the discussion of legislation regulating the marketing and pricing in the fuel distribution business.
Lack of consensus last year among all companies in the sector for importing and distributing fuels regarding the opening of gas stations led to the draft law intended to regulate the sector not getting to Congress for discussion ..
As a hub of maritime services Singapore is winning the race against Panama, which in the past sold 60 million tons of bunker fuel but now only sells 20 million.
This represents a 40% decline in the 'bunkering' market in Panama, due to several factors, including lack of competitiveness in fuel prices not being oil producer.
The president of the Maritime Chamber of Panama, Juan Carlos Croston, told Panamaamerica.com.pa that "a few decades ago ... Panama was the world's leading supplier of bunker fuel, but today Singapore, thanks to the introduction of policies which promoted competitiveness, accounts for almost 40% of the market. "
Prices of a gallon of regular gas: Panama $3.90, Elsalvador $4.00, Guatemala $4.06, Honduras $4.57, Nicaragua $4.68, Costa Rica $5.22.
From a press release issued by the Ministry of Economy of El Salvador (Minec):
The Ministry of Finance announced on September 1, new variations in the reference prices for fuel, which will be in effect from 2 to 15 of September 2014.
They are demanding from the government more transparency in the management of fuel purchases and more information on how the market will be organized with the participation of the Venezuelan entity.
The Chamber of Commerce and Industry of El Salvador has expressed concern about the interference that Petrocaribe and the Venezuelan government could have on El Salvador and has asked the government for greater transparency about how fuel imports will be handled once the agreement enters into force.
President-elect Juan Carlos Varela has announced that prices, rates, importation and obligations established in the law will be reviewed when he takes office.
The next president of Panama also noted in an article on Prensa.com that "... only the market of domestic ethanol production should be incorporated thereby promoting agribusiness."
The law establishing the mandatory use of ethanol in gasoline which is produced and distributed in the country was approved in 2011 by the administration of Ricardo Martinelli. "...Ethanol is currently sold at a fixed price set by the company Pesé Golf, which was accepted by the Government. The cost is $1.21 per liter or $4.58 per gallon, a price which is more than double the international price ($2.08 a gallon). "
Gallon of regular gas: Costa Rica $5.17, Nicaragua $4.86, Honduras $4.75, Guatemala $4.22, El Salvador $4.17.
From a statement issued by the Ministry of Economy in El Salvador:
The Ministry of Finance announced on June 23 new variations on the reference prices for fuel, which will be effective from 24 June to 7 July 2014.
During the month of June 2014, the price of WTI (West Texas Intermediate) in the Gulf Coast of the United States had an average value of $98.52 per barrel, showing an increase of +4.99% compared to the previous month. For its part, the international prices of petroleum products showed the following changes in the past few weeks: +2.04% in the price of premium gasoline, +2.0% in the price of regular gasoline and +0.33% in the price of diesel.
Gasoline distributors are concerned about Petrocaribe's recommendation that the Salvadoran government be the sole manager of oil imports.
An urgent appeal to the Government for it to call together companies from the sector and clarify the implications of El Salvador's entry into Petrocaribe, has been the reaction of the distributors of domestic fuels, in light of statements by representatives of Alba Petróleos suggesting that the government should establish an entity to manage the purchase and import of hydrocarbon derivatives purchases.
There is still no official information about whether brand name distributors will be able to keep importing fuel from their source of choice.
The request for entry into the oil agreement with Venezuela marks the economic and political differences between the outgoing government of Mauricio Funes and that of the new President Sanchez Ceren, indicating a higher affinity for the conglomerate led by Venezuela.