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 a gallon of regular gasoline: Costa Rica $3.98, Honduras $3.72, Nicaragua $3.64, Guatemala $3.14, El Salvador $3.12 and Panama $2.81.
From a statement issued by the Ministry of Economy of El Salvador:
The fluctuating international prices of petroleum derivatives constantly affect the reference prices of liquid fuels in El Salvador, allowing prices to have dropped in the current fortnight, based on news about the United States having increased its oil wells which have recovered profitability in the face of price rises during the first tranche of 2017 together with the extraction of unconventional fuel (shale).[GRAFICA caption = "Click to interact with graphics"]
Price of gallon of regular gasoline: Costa Rica $3.90, Nicaragua $3.69, Honduras $3.64, Guatemala $3.13, El Salvador $3.13 and Panama $2.74.
From a statement issued by the Ministry of Economy of El Salvador:
The reference prices for liquid fuels in El Salvador are being affected by an upward trend due to recent events that revolve around the latest OPEC meeting, where the 14 member countries along with 10 other countries producing oil and derivatives outside of the organization justified and maintained the decision to extend the extraction reduction until March 2018, together with a notice provided by the Energy Information Administration (EIA) on the reduction in inventories held by the United States by approximately more than 8 million barrels surpassing the expectations of analysts and international experts, also gasoline stocks fell by approximately 2.9 million barrels which has caused prices of gasolinesto be the most affected by this upward trend.[GRAFICA caption="Clic para interactuar con la gráfica"]
The Honduran government approved the adjustment to the price of freight for the transport of fuel to the interior, which was set at $2.42 per kilometer, which corresponds to the cost per round trip.
The new tariff was made official by means of the Sen-026-2019 Agreement, which was issued by the authorities of the Secretariat of Energy and published last October 24.
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"]
In 2016 total consumption went up by 8% compared to 2015, explained by a 15% increase in super gasoline and 12% in the A-1 jet fuel.
From a statement issued by Recope:
Fuel demand grew by 7.9% last year, going from 3,023,880,487 liters in 2015 to 3,263,072,075 liters in 2016, as a result of growth of the vehicle fleet, a price level for products which is relatively low compared to previous years, and the higher purchasing power of consumers due to low levels of inflation recorded in the period.
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 $3.63, Nicaragua $3.57, Honduras $3.32, Guatemala $3.03, El Salvador $2.93 and Panama $2.75.
From a statement issued by the Ministry of Economy of El Salvador:
Current global geopolitical events are directly affecting international oil prices, which is why the hydrocarbons market still anticipates unexpected ups and downs.[GRAFICA caption = "Click to interact with graphics"]
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: $3.83, Honduras $3.64, Nicaragua $3.44, Guatemala $2.98, El Salvador $2.93, and Panama $2.60.
From a statement issued by the Ministry of Economy of El Salvador:
This is the second consecutive drop in the reference prices for gasoline and diesel, which is due to the trend of a global supply surplus, despite the fact that the United States has reduced its production in recent weeks, its reserves of crude oil and oil products remaining above their historical levels to date; In addition OPEC member Libyadid not subscribe to the continuation of the pact for the reduction on the part of countries belonging to the organization, made last month in Vienna.[GRAFICA caption = "Click to interact with graphics"]
Price of gallon of regular gasoline: Costa Rica $3.91, Nicaragua $3.60, Honduras $3.58, Guatemala $3.08, El Salvador $3.05 and Panama $2.74.
From a statement issued by the Ministry of Economy of El Salvador:
The reference prices for gasoline and diesel in the current fortnight show decreases of up to - $0.09 reacting to geopolitical, monetary, supply-demand and excess global production factors which repeatedly affect the price of oil and its derivatives, at present the effect of instability and volatility in prices is due to:
Price of gallon of regular gasoline: Panama $2.64, El Salvador $2.64, Guatemala $2.75, Honduras $3.22, Nicaragua $3.23, and Costa Rica, $3.73.
From a statement issued by the Ministry of Economy of El Salvador:
After this second consecutive decline, reference prices for liquid fuels in El Salvador are once again moving downwards, due to repeated fluctuations in international oil prices and its derivatives, causing ups and downs in different periods, current price fluctuations are directly due to volatility in international markets in light of to the new political landscape and optimism about the state of the economy of the United States, reflected in a strengthening of the dollar.
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.
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