Price per gallon of regular gasoline: Costa Rica $3.59, Nicaragua $3.21, Honduras $3.20, El Salvador $2.74, Guatemala $2.66 and Panama $2.64.
From the Ministry of Economy of El Salvador report:
The downward trend of the reference prices for the present fortnight is mainly due to the increase of the gasoline reserves and the oil distillates of the United States of America (USA); according to the last report by the IEA, the gasoline reserves increased by 8.1 million barrels per week, the greatest increase in the last 6 weeks; likewise, the reserves of distilled fuels, such as diesel also increased by 10.6 million barrels per week, being the greatest increase in the last 3 weeks.
In the Dominican Republic, the National Army tenders the supply of propane gas, bulk fuel and petroleum products for a six-month period.
Dominican Republic Government Purchase EN-CCC-LPN-2019-0001:
"The objective is to cover the supply of refueling in vehicle fleets, power plants and aircraft of the different brigades and units that comprise the Army of the Dominican Republic, in order that they can fulfill the missions of the services efficiently, during the current year.
The construction of an oil pipeline and a maritime terminal in the Pacific for the transfer and storage of fuels, are some of the projects planned to develop the state-owned Recope in the next eight years in Costa Rica.
The construction of a new plant for storage and sale of clean products in Liberia, and the polyduct connecting this plant with Barranca, is one of the large-scale projects that the Costa Rican Petroleum Refinery (Recope) plans to develop in the coming years.
From January to November last year, fuel sales totaled 1.010 million gallons, 5% less than the 1.058 million gallons reported in the first eleven months of the previous year.
The most recent data published by the General Comptroller of the Republic of Panama details that during the first eleven months of 2018 the consumption of gasoline in the country, which includes the 91 and 95 octane, totaled 300 million gallons, 0.8% more than in the same period last year.
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 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.
From January to October of this year, fuel sales in the country totaled 924 million gallons, 5% less than the 974 million gallons reported in the first ten months of 2017.
The latest report published by the General Comptroller of the Republic of Panama details that during the first ten months of 2018 the fuel consumption in the country, which includes 91 and 95 octanes, totaled 274 million gallons, 0.7% more than in the same period last year.
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.
In El Salvador, the Legislative Assembly approved a ban on the importation and commercialization of fuels with a high Sulphur content, mainly diesel for vehicular use.
From the Legislative Assembly statement:
According to the Legislative Assembly, the import and commercialization of fuels with a high sulfur content was banned, mainly diesel for vehicular use, which must be fully applied based on the resolution of the Consejo de Ministro de Integración Económica de Centroamérica (COMIECO), where a commitment to import and commercialize only fuels with a low sulfur content was signed.
Consistent with the fall in new car sales reported in Panama since last year, fuel consumption has decreased around 6% up to September 2018.
Data from the General Comptroller detail that from January to September 2018, 12,938 new automobile type vehicles were registered, 21% less than the 16,299 units registered in the same period of 2017.
Last year, mineral fuels, plastic articles and food led the commercial exchange between Peruvian and Central American companies.
Figures from the Central American-Peru Trade Information System complied by the Business Intelligence Unit at CentralAmericaData: [GRAPHIC caption = "Click to interact with the graph"]
Fuels, plastic goods and pharmaceutical products led last year's imports made by Central American companies in the South American nation.
Figures from the information system of Commerce between Central America and Colombia, from the Trade Intelligence Area of CentralAmericaData:[GRAFICA caption="Click to interact with graphic"]
Price per gallon of regular gas: Costa Rica $4.11, Nicaragua $3.83, Honduras $3.66, Guatemala $3.17, El Salvador $3.16 and Panama $2.98.
From the report of the Ministry of Economy of El Salvador:
The latest production and export reports from the United States and Saudi Arabia have provided international price relief for oil and its products. The North American country, through the International Energy Agency (IEA), reported that in the last week it reached a maximum production of 11.6 million barrels a day (100 thousand barrels more than two weeks ago) due to unconventional production (shale). While the Arab country, the largest producer of the Organization of the Petroleum Exporting Countries (OPEC), reported an increase of approximately 127 thousand barrels more to 10.8 million barrels per day, which has led to an excess in supply over current demand for fuels.
The rise in fuel prices in recent years, together with the depreciation of the local currency has caused production costs to rise for domestic industry.
Between September 2015 and the same month in 2018, the average price of a barrel of imported fuel in the country went up from $54.9 to $83.7, which is equivalent to an increase of 52% in the last three years.
Price per gallon of regular gas: Costa Rica $4.11, Honduras $3.84, Nicaragua $3.79, El Salvador $3.37, Panama $3.32 and Guatemala $3.29.
From the report of the Ministry of Economy of El Salvador:
The production increase of the three major exporters of petroleum and its products at the end of October 2018 has contributed to the fall in international prices; the United States have produced approximately 11.5 million barrels per day, 500 thousand barrels more than its average production; Russia 11.3 million barrels per day, expecting to reach 11.4 million barrels per day in the next weeks; while Saudi Arabia produces an average of 10.7 million barrels per day, with expectations of increasing to 11 million barrels per day. With this increase in production, the International Energy Agency (IEA) has expressed that the oil markets seem " suitably supplied for now," and with a lower expectation in the demand for petroleum and products for 2019.