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Fuel (Gasoline and Diesel) Prices and Consumption Levels [An Ongoing Saga As Occurring]


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Gas prices down for holiday season

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MOTORISTS using gasoline will get some seasonal cheer on Friday, Dec 22, that will carry them through   Christmas and into the new year with a fall in prices at the pump.

91  octane gasoline will drop 13 cents per liter and 91 octane gasoline will drop 15 cents per liter.

The SNE says that in the provinces of Panama and Colon 91-octane gasoline will be 0.769 a liter and 91-octane 0.748  per liter Meanwhile,  Santa has not been so kind to diesel users with ultra-low sulfur diesel rising  3 cents a  per liter.

Prices will remain in effect in Panama and Colon provinces until January 5.

 

http://www.newsroompanama.com/news/panama/gas-prices-holiday-season

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Central America: Fuel Prices up to January 29

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.

Monday, January 29, 2018

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 from petroleum derivatives, 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.

 

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In this regard, the latest report provided by the Energy Information Administration (EIA by its initials in English) indicates that crude oil reserves fell 6.86 million barrels per week, according to a report given on January 17, and for the tenth time it fell again by 1.1 million barrels per week according to a report given on January 24, reaching its lowest level since February 2015.
 

Price in dollars Regular Special Diesel
El Salvador 3.29 3.48 3.04
Guatemala 3.31 3.46 2.83
Honduras 3.63 3.94 3.33
Nicaragua 3.74 3.86 3.34
Costa Rica 3.93 4.00 3.40
Panama* 2.99 3.11 2.80

 

*Data taken from Acodeco.gob.pa

 

https://www.centralamericadata.com/en/article/main/Central_America_Fuel_Prices_up_to_January_29

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Central America: Fuel Prices up to February 12

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.

Monday, February 12, 2018

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.

As a result, distillate stocks, including diesel and heating fuels, rose by 3.9 million barrels per week, compared to the expectation of a 1.4 million barrel per week drop, allowing for slight drops in diesel and distillate prices.

 

Price in dollars Regular Special Diesel
El Salvador 3.32 3.52 3.00
Guatemala 3.32 3.47 2.86
Honduras 3.71 4.04 3.39
Nicaragua 3.80 3.95 3.40
Costa Rica 3.98 4.13 3.52
Panama* 2.99 3.11 2.80

*Data taken from Acodeco.gob.pa

 

https://www.centralamericadata.com/en/article/main/Central_America_Fuel_Prices_up_to_February_12

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Fuel prices jump in time for Easter

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t's going to cost more
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Motorists heading for the interior for Easter weekend will face an increase in fuel prices starting at 6 a.m. on Good Friday, says the National Secretariat of Energy.

95 octane will rise 16 cents a gallon, which mean s will sell at $3.18; per liter, an increase of four cents per to   84 cents.

The 91 octane will increase 14 cents per gallon, and its sale translating to  $3.05 per liter at the pumps an increase of 3 cents to $0.806.

Low, Sulphur diesel will rise six cents f a gallon, which means 2 cents a liter and its sale price will be $ 0.721.

The prices take effect Friday, March 30 and will be valid until April 13.

 

http://www.newsroompanama.com/news/panama/fuel-prices-jump-in-time-for-easter

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Fuel prices will rise in Panama between three and four cents

Thu, 04/26/2018 - 15:24

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Fuel prices in Panama will register next Friday a new increase that will range between the three and four dollar cents a liter, informed today an official source.

 

The National Secretariat for Energy, which regulates the energy market in the country, said 95-octane gasoline will register an increase of about three cents per liter to be offered at the stations at 0.866 cents.

 

Meanwhile, 91-octane gasoline will have an increase of almost four cents, like diesel, to be sold at gas stations at 0.845 and 0.758 cents a liter, respectively.

 

These maximum prices for sale to the consumer are applied in the cities of Panama and Colón, since in other regions of the country they are a little higher due to the cost of transporting the product.

 

The new pricing structure will be applicable this Friday, April 27 at 6:00 local time (11:00 GMT) and will remain in effect until May 11.

 

Panama is a 100 percent oil product importing country, so it is subject to the cost swings established by the international oil market.

 

The price of West Texas intermediate oil (WTI) rose today by 0.52 percent and closed at $ 68.05 a barrel, coinciding with an unexpected weekly increase of 2.2 million barrels in the United States crude reserves, up to 429.7 million.

 

Although at first this data brought a decrease in the price of WTI in the stock market of New York in the United States, the trend changed, fueled by the latent fear of increasing tensions in the Middle East.

 

http://www.panamatoday.com/panama/fuel-prices-will-rise-panama-between-three-and-four-cents-6730

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Gas and diesel prices climb

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GASOLINE and Diesel prices will increase on Friday, May 11,  and you can look for more down the road as oil prices surge after the US decision to abandon the Iran Nuclear agreement.

95 octane gasoline will climb  $0.014 per liter or five cents a  gallon, while 91 octane will increase $0.011 per liter or four cents a  gallon.] in Panama and Colon provinces,

Prices in the interior will be slightly higher, depending on the distance from the supply center.

Diesel will increase $0.013 per liter or 5 cents a gallon in the provinces of Panama and Colon.

The new prices will remain in effect until  Friday, May 25.

 

http://www.newsroompanama.com/news/panama/gas-and-diesel-prices-climb

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Central America: Fuel Prices up to May 8

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.

Tuesday, May 8, 2018

From a statement issued by the Ministry of Economy of El Salvador:

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.  
 

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Price in dollars Regular Special Diesel
El Salvador 3.50 3.72 3.15
Guatemala 3.49 3.64 2.93
Honduras 3.69 4.06 3.40
Nicaragua 3.98 4.09 3.49
Costa Rica 4.09 4.27 3.53
Panama* 3.20 3.28 2.87

*Data taken from Acodeco.gob.pa

 

https://www.centralamericadata.com/en/article/main/Central_America_Fuel_Prices_up_to_May_8

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Fuel prices continue upward trend

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Fuel prices, will edge up again on Friday, May   25 with 91 and 95 octane  gasoline  up two cents a liter  and diesel goes up three cents

The price at the pumps will be: 95 octane .903 cents per liter, 91 octane  .880 cents per liter  The ultra-low sulfur diesel will cost .803 cents per liter.

The prices become effective Friday from 6:00 a.m. and will remain in force until Friday, June 8.

Panama continues to have the lowest gas prices in Central America says the National Energy Authority.

 

http://www.newsroompanama.com/news/panama/fuel-prices-continue-upward-trend

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Central America: Fuel Prices up to June 4

Price of a gallon of regular gasoline: Costa Rica $4.22, Nicaragua $3.99, Honduras $3.83, El Salvador $3.62, Guatemala $3.60 and Panama $3.33.

Monday, June 4, 2018

From a report by the Ministry of Economy of El Salvador:

-Geopolitical events that took place in the month of May between the United States and Iran, led to an increase in the prices of petroleum products, which has been felt in the global market, due to the economic sanctions that focus on reducing the supply of exports to the international hydrocarbons market.

Along with this issue, OPEC and non-member countries led by Russia, has an item on its agenda for June 22 in Vienna, Austria, to decide if they will keep the pact outlined since the beginning of 2017 of only producing 1.8 million barrels per day or raise the amount of pumping to be able to supply global demand in light of the shortage that Iran will generate, these events are creating uncertainty for investors, because prices of petroleum and derivatives show mixed fluctuations that are difficult to predict.

Price in dollars Regular Special Diesel
El Salvador 3.62 3.85 3.38
Guatemala 3.60 3.47 3.07
Honduras 3.83 4.17 3.54
Nicaragua 3.99 4.06 3.49
Costa Rica 4.22 4.41 3.60
Panama 3.33 3.42 3.04

*Data taken from Acodeco.gob.pa

 

https://www.centralamericadata.com/en/article/main/Central_America_Fuel_Prices_up_to_June_4

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Central America: Fuel Prices up to June 18

Price of a gallon of regular gasoline: Costa Rica $4.33, Nicaragua $3.98, Honduras $3.83, El Salvador $3.56, Guatemala $3.47 and Panama $3.28.

Monday, June 18, 2018

From a report by the Ministry of Economy of El Salvador:

The International Energy Agency (IEA) has reported new increases in reserves of gasoline, diesel and distillates in recent weeks, which has led to declines in the price of international oil derivatives. 

Following three weeks of inventory reduction reflected in early May 2018, gasolines showed an approximate increase of 7.01 million barrels per week, while for diesel and distillates, after seven weeks of reductions in their reserves, they showed an increase of approximately 2.79 million barrels per week.
 

Price in dollars Regular Special Diesel
El Salvador 3.56 3.82 3.23
Guatemala 3.47 3.62 2.95
Honduras 3.83 4.19 3.56
Nicaragua 3.98 4.06 3.48
Costa Rica 4.33 4.51 3.73
Panama* 3.28 3.41 2.98

*Data taken from Acodeco.gob.pa

 

https://www.centralamericadata.com/en/article/main/Central_America_Fuel_Prices_up_to_June_18

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Central America: Fuel Prices up to July 2

Price of a gallon of regular gasoline: Costa Rica $4.33, Nicaragua $3.98, Honduras $3.76, El Salvador $3.49, Guatemala $3.40 and Panama $3.28.

Monday, July 2, 2018

From a report by the Ministry of Economy of El Salvador:

The latest reports provided by the International Energy Agency (IEA) reflect a clear increase in the refining of petroleum derivatives, including gasoline, heating distillates and diesel, for gasoline there was an increase in reserves of an approximate 6.76 million barrels, while in distillates and diesel there was an increase of approximately 2.81 million barrels, according to weekly data provided by the agency. In addition, an increase in refining operations was reported from 95.7% to 97.5% of capacity by North American companies at the end of June.

In addition to the positive refining moment in the North American country, the result of the OPEC meeting in Vienna, Austria saw countries belonging to the OPEC, as well as those that do not belong and that are led by Russia, agreeing to an increase of 1.0 million barrels a day, and to end the cut of 1.8 million barrels per day agreed since the beginning of 2017, it is expected that this change will be progressive and will increase its levels around 700,000 barrels per day, so that in the coming months more quantity of product offered is supplied in the face of a possible higher demand at the end of the year. Due to these global production factors, the reference prices for the present fortnight reflect its second consecutive decline for all products.

Price in dollars Regular Special Diesel
El Salvador 3.49 3.73 3.18
Guatemala 3.40 3.55 2.92
Honduras 3.76 4.15 3.52
Nicaragua 3.98 4.09 3.49
Costa Rica 4.33 4.51 3.73
Panama 3.28 3.41 2.98

*Data taken from Acodeco.gob.pa

https://www.centralamericadata.com/en/article/main/Central_America_Fuel_Prices_up_to_July_2

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Central America: Fuel Prices up to July 16

Price of a gallon of regular gasoline: Costa Rica $4.33, Nicaragua $3.97, Honduras $3.74, El Salvador $3.51, Guatemala $3.46 and Panama $3.22.

Monday, July 16, 2018

Despite a drop in inventories of crude oil in the United States, of approximately 12 million barrels, reported in the last week by the International Energy Agency (IEA), inventories of oil derivatives such as gasoline and diesel have seen slight fluctuations, ranging between weeks of increase and reduction in reserves; Gasoline stocks were reduced by approximately 2,199 million barrels in the last two weeks, despite the fact that the trend after that date showed an increase of 1,156 million barrels, similarly heating and diesel distillates increased their reserves in the last week by 4,125 million barrels, after two weeks of no change in their reserves, all according to reports by the IEA.

On the other hand, the current geopolitical tensions between the United States and China have helped international prices of oil and its derivatives to unexpectedly increase, this is due to the issue of new tariffs announced by the US, for an amount of approximately 200,000 million of dollars on products imported from the Asian country, due to this, China plans to respond with new tariffs on imported supplies, it should be noted that China is the destination of about 20% of all US crude exports, which is only surpassed by Canada with 29%, which generates uncertainty in international markets, causing increases and decreases that mean that El Salvador has seen mixed behavior in the reference prices for the current fortnight.

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https://www.centralamericadata.com/en/article/main/Central_America_Fuel_Prices_up_to_July_16

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Minimal increase in gas prices, diesel steady

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In the provinces of Panama and Colon a liter of 91 octane gasoline will rise $.003 and cost $.877 and a liter of 95 octane gasoline will increase $.005 and will sell at $0856. The price of diesel will be unchanged The new prices will remain in effect from Friday, July 20 until Friday, August 3.
 

http://www.newsroompanama.com/news/panama/minimal-increase-in-gas-prices

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Slight price increase in main fuels in Panama

Thu, 07/19/2018 - 15:51

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The National Secretariat of Energy (SNE) of Panama reported today the main fuels for automotive equipment will register next Friday a slight increase in the price, of at least one hundredth a liter.

The energy regulator said that the liter of 95 octane gasoline will rise 0.003 hundredths of a dollar and that its pair of 91 octane will increase 0.005 cents. Meanwhile, the ultra-low sulfur diesel will not have any variation and will remain at the current price.

For the cities of Panama and Colón, 95-octane gasoline will cost 0.877 cents per liter, 91 octane petrol will be 0.856 cents and diesel will remain at 0.771 cents per liter, the SNE said in a press release.

Fuel prices rise a bit more in other further afield areas, due to the cost of transporting these oil products.

This is the second consecutive increase of this month in the prices of these fuels, which will be effective as of next Friday, July 20 and will remain in force until August 3, 2018.

Panama is a 100 percent importer of oil products.

 

http://www.panamatoday.com/panama/slight-price-increase-main-fuels-panama-7361

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Central America: Fuel Prices up to August 13

Price of a gallon of regular gasoline: Costa Rica $4.34, Nicaragua $3.95, Honduras $3.78, El Salvador $3.52, Guatemala $3.50 and Panama $3.24.

Monday, August 13, 2018

From a report by the Ministry of Economy of El Salvador:

August 13, 2018. The trends that have led to fuel prices experiencing highs and lows are due to fears about trade disputes between the United States and China, which has led to reduced demand, since the Asian country is the world's largest importer of oil and its derivatives.

Also, according to the latest report provided by the Energy Information Administration (AIE), gasoline inventories increased by 2.9 million barrels and diesel by 1.2 million barrels, in the one week period. These events have meant that international prices of petroleum products have seen no greater fluctuation, therefore, in recent weeks the variations in prices have been minimal.
 

Price in dollars Regular Special Diesel
El Salvador 3.52 3.73 3.18
Guatemala 3.50 3.65 2.97
Honduras 3.78 4.14 3.49
Nicaragua 3.95 4.03 3.46
Costa Rica 4.34 4.49 3.68
Panama* 3.24 3.32 2.92

*Prices taken from Acodeco.gob.pa

 

https://www.centralamericadata.com/en/article/main/Central_America_Fuel_Prices_up_to_August_13

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Gasoline price drops

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The price of gasoline will fall one cent a liter for both  91   and 95 octane on Friday, August 17 , according to the National Energy Secretariat. 95 octane gasoline will be 0.87 cents per liter,  and 91 octane gasoline will  Be  0.85 cents per liter.at pumps in Panama and Colon. low sulfur diesel stays  at 0.77 cents. The prices will remain in effect for two weeks.
 

https://www.newsroompanama.com/news/panama/gasoline-price-drops-1-cent

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Gas down diesel up

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BOTH 95 and 91 octane gasoline will drop one cent a liter on Friday SEP. 14 bringing the price at the pumps to 87 cents a liter for 95 octane and  84 cents for 91 octane . Diesel climbs 3 cents to  80 cents a liter. The prices will remain in effect for two weeks.
 

https://www.newsroompanama.com/news/panama/gas-prices-down-a-penny

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Central America: Fuel Prices up to September 24

Price of a gallon of regular gasoline: Costa Rica $4.31, Nicaragua $3.90, Honduras $3.81, El Salvador $3.51, Guatemala $3.40 and Panama $3.23.

Monday, September 24, 2018

From a report by the Ministry of Economy of El Salvador:

According to the latest report provided by the International Energy Agency (AIE) gasoline stocks went down by approximately 1.7 million barrels per week, but it was not so for distillates and diesel which had a slight increase in their reserves, of approximately 0.8 million barrels per week.

Similarly, the trend in international supply prices is due to a high demand for fuel in the United States, this is an atypical behavior with respect to consumption, since generally in autumn and winter consumption of gasoline decreases and the use of heating and diesel distillates increases. The behavior in both types of fuels has been similar to consumption in summer (10 million barrels per day), where the use of these refined products reaches its maximum level. This event has led international prices to increase due to the fact that more refined products are being destined for local consumption and a lower quota to sale on the international market.

Price in dollars Regular Special Diesel
El Salvador 3.51 3.70 3.32
Guatemala 3.40 3.55 3.03
Honduras 3.81 4.12 3.53
Nicaragua 3.90 4.06 3.64
Costa Rica 4.31 4.43 3.67
Panama* 3.23 3.27 2.93

*Prices taken from Acodeco.gob.pa

 

https://www.centralamericadata.com/en/article/main/Central_America_Fuel_Prices_up_to_September_24

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Gas prices climbing

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The price of both 91 and 95 octane gasoline will increase three cents on Friday, October 12. 95 octane gasoline will now be  91 cents a liter and  91 octane will retail at 88 cents a liter. Low sulfur diesel will rise four cents to 84 cents a liter. The new prices will remain in effect until October 26
 

https://www.newsroompanama.com/news/panama/gas-prices-climbing

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Central America: Fuel Prices up to October 22nd

Price per gallon of standard gasoline: Costa Rica $4.21, Nicaragua $4.07, Honduras $3.87, El Salvador $3.56, Guatemala $3.52 and Panama $3.21.

Monday, October 22, 2018

From the report of the Ministry of Economy of El Salvador:

According to data from the IEA, the United States is in full season of hurricanes and the passing of Hurricane Michael through the Gulf of Mexico, on the production of crude oil and derivatives, generated losses in the two days of closure of the storm that represented about 9% of U.S. production of 11.1 million barrels per day. Making the reference prices for gasoline and distillates will present mixed fluctuations.

In addition, the behavior in the petroleum derivatives reserves in the last 4 weeks, the IEA presented in its reports a marked reduction in petroleum distillates such as diesel, which has accumulated an approximate decline of 7.9 million barrels, but not for the gasoline that the closing of these four weeks reflects an approximate increase of 950,000 barrels, this data reflects the mixed trend in reference prices for the current fortnight.
 

Price in US$ Standard Special  Diesel
El Salvador 3.56 3.79 3.46
Guatemala 3.52 3.67 3.20
Honduras 3.84 4.23 3.65
Nicaragua 4.07 4.22 3.80
Costa Rica 4.21 4.32 3.72
Panamá* 3.21 3.34 3.02

*Price quoted from Acodeco.gob.pa

 

https://www.centralamericadata.com/en/article/main/Central_America_Fuel_Prices_up_to_October_22nd

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