Gas Prices Drop Again

January 19, 2007

Gas prices continued to decline this week as the Public Services Regulatory Authority (ARESEP) approved the third price reduction so far this year and a previously approved decrease went into effect yesterday.

The price of one liter of super gas went down yesterday from ¢488 ($0.95) to ¢475 ($0.92), while one liter of regular gas dropped from ¢460 ($0.89) to ¢447 ($0.86). Additionally, the price of one liter of diesel fuel dropped from ¢364 ($0.71) to ¢349 ($0.68), according to an ARESEP statement.

Falling gas prices are reflective of trends on international markets, the statement said. Unseasonably warm temperatures in some parts of the United States have decreased the demand for fuels, causing prices to drop.

 

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