Price of gallon of regular gasoline: Costa Rica $4.09, Nicaragua $3.98, Honduras $3.69, Guatemala $3.49, El Salvador $3.50 and Panama $3.20.
From a statement issued by the Ministry of Economy of El Salvador: [GRAFICA caption = "Click 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.
Price of the gallon of regular gasoline: Costa Rica $4.10, Nicaragua $3.86, Honduras $3.66, El Guatemala $3.43, Salvador $3.42 and Panama $3.05.
From a report by the Ministry of Economy of El Salvador:
The current geopolitical events in the Middle East, in particular an attack on Syria led by the coalition of the United States, France and the United Kingdom, has caused great uncertainty among investors and prices in theHydrocarbons market, due to the fact that this could lead to a substantial decrease in production, in addition to the one that the Organization of Petroleum Exporting Countries (OPEC) has had in place since the end of 2016, affecting world supply and causing prices to maintain their upward trend.[GRAFICA caption = "Click to interact with graph"]
Price of a gallon of regular gasoline: Costa Rica $4.05, Nicaragua $3.77, Honduras $3.58, El Salvador $3.26, Guatemala $3.19 and Panama $2.91.
From a report by the Ministry of Economy of El Salvador:
The current reference prices show increases in all products due to the latest report provided by the Energy Information Administration (AIE), the issue of tariffs and international political sanctions by the US government. [GRAFICA caption = "Click to interact with graph"]
Price of gallon of regular gasoline: Costa Rica $4.02, Nicaragua $3.71, Honduras $3.63, Guatemala $3.22, El Salvador $3.20 and Panama $2.95.
From a report by the Ministry of Economy of El Salvador:
The current reference prices are experiencing their second reduction at the national level due to the tension generated by North American and geopolitical productive factors created by uncertainty inworld tariffmatters. [GRAFICA caption = "Click to interact with graph"]
Price of the gallon of regular gasoline: Costa Rica $4.02, Honduras $3.68, Nicaragua $3.61, El Salvador $3.24, Guatemala $3.21, and Panama $2.97.
From a report by the Ministry of Economy of El Salvador:
The drop in fuel prices is largely due to record US oil production, which for a second consecutive week exceeded 10 million barrels placing it as the second largest producer in the world below Russia; as well as an increase in exports, a reduction of imports and the strengthening of the dollar in the raw material markets at an international level.[GRAFICA caption = "Click to interact with graph"]
Price of gallon of regular gasoline: Costa Rica $3.98, Nicaragua $3.80, Honduras $3.71, Guatemala $3.32, El Salvador $3.32 and Panama $2.99.
From a report by the Ministry of Economy of El Salvador:
The United States reported its second increase in its oil inventories on February 7 of this year, in which its production reached a record of 10.25 million barrels per day (bpd) in the last week, as reported by the U.S. Energy Information Administration (EIA); where an 11 week downward streak was reversed, affected by low temperatures and the holiday season.
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"]
Price of gallon of regular gasoline: Costa Rica $3.99, Nicaragua $3.58, Honduras $3.42, Guatemala $3.06, El Salvador $3 and Panama $2.83.
From a report by the Ministry of Economy of El Salvador:
The current reference prices are experiencing increases in all petroleum products (gasoline and diesel) due to the positive outlook for global fuel demand, and a decline in reserves, together with the expectations of the next meeting of the OPEC (Organization of Petroleum Exporting Countries) at the end of November in Vienna.[GRAFICA caption = "Click to interact with graphics"]
A savings fund, housing loans, expenses for recreation and bonuses, scholarships for children, and restaurant services for employees of the state and the monopolist hydrocarbons distributor of Costa Rica, are financed through the prices paid by consumers, even by the poorest.
Price of gallon of regular gasoline: Costa Rica $3.99, Nicaragua $3.50, Honduras $3.40, Guatemala $3.01, El Salvador $2.95 and Panama $2.83.
From a report by the Ministry of Economy of El Salvador:
The downward trend continues for reference prices for gasoline and diesel in El Salvador, abehavior that is due to the extraction of non-conventional oil and its derivatives, which has stabilized the fall in inventories suffered by the North American country after the climatic events which occured at the end of September by Hurricanes Harvey and Irma. [GRAFICA caption = "Click to interact with graphics"]
Price of gallon of regular gasoline: Costa Rica $3.97, Nicaragua $3.58, Honduras $3.45, Guatemala $3.02, El Salvador $3.01 and Panama $2.83.
From a report by the Ministry of Economy of El Salvador: [GRAFICA caption = "Click to interact with graphics"] Current supply price fluctuations are due to the fact that it was announced that the number of active oil rigs in the United States is to rise for the first time in the last seven weeks to 750. Likewise, there have been increases in inventories of US gasoline. (1.6 million barrels, data from the US Department of Energy) as a result of the reactivation of production in the Texas fields, while distillates and diesel show drops in their inventory (2.6 million barrels, data from the US Department of Energy) causing international prices to rise.
Price of gallon of regular gasoline: Costa Rica $3.77, Nicaragua $3.66, Honduras $3.42, Guatemala $3.15, El Salvador $3.14 and Panama $3.02.
From a report by the Ministry of Economy of El Salvador: [GRAFICA caption = "Click to interact with graphics"] The reference prices for the next fortnight are in relation to an upward trend which began with Hurricane Harley at the end of August, along with Hurricane Irma which hit the Florida area in the first week of September, this had a major impact on US refineries off the Texas coasts and the total shutdown of extraction platforms in the Gulf of Mexico, leading to declines in inventories of oil derivatives (gasoline and diesel), which generates lesser supply compared to the demand generated by the catastrophe in different states of the North American nation, together with the continuous demand maintained by the countries that are pure importers such as El Salvador, in this way raising prices in the hydrocarbons markets.
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