Price of gallon of regular gasoline: Costa Rica $3.82, Nicaragua $3.40, Honduras $3.32, Guatemala $2.86, El Salvador $2.84 and Panama $2.65.

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

The price trend is due to factors that have prevailed in recent months such as decisions taken by the OPEC, inventory accumulation in North America, demand, and unconventional oil production.

Referring to the above factors it should be emphasized that analysts argue that oil supplies are hardening in other parts of the world, the United States has the best and most updated data, giving it an excessive influence on the market and it remains the world’s largest oil consumer, making it the main battlefield between shale (methods of unconventional oil production) and the OPEC.