No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveHigh Gas Prices Affect Consumption

High Gas Prices Affect Consumption

THE high oil prices reported duringthe past five months are starting to havean effect on Costa Rican gasoline consumption,according to the Costa RicanPetroleum Refinery (RECOPE).In May, RECOPE’s sales of hydrocarbon-based products (gasoline, diesel,bunker, asphalt and jet fuel) dropped1.66% compared to April.Sales of “regular” gasoline dropped4.40% or by approximately 1.82 millionliters (502,000 gallons). Sales of “super”gasoline dropped 5.61% or by approximately1.65 million (435,000 gallons).Costa Rica consumes between 16 and17 million barrels of oil each year. Each$1 increase in the price of a barrel of oilincreases the country’s trade deficit by asmuch as $17 million, according to theCentral Bank.

Trending Now

Honduras Seizes $2 Million, Gold-Plated Pistols in Drug Raid

Honduran authorities struck a blow against drug cartels, seizing over $2 million in cash, war rifles, and flashy gold-plated pistols in Copán, a northwest...

Costa Rica’s Top Court Bans President Chaves from 2026 Election Campaign

Costa Rica’s Supreme Electoral Tribunal on Thursday barred President Rodrigo Chaves from participating in the 2026 election campaign, ruling that he "illegitimately used" his...

Costa Rica Identified as Key Maritime Route for Cocaine Trafficking

Costa Rica appears among the main maritime and aerial routes for cocaine trafficking between South and North America, according to the World Drug Report 2025 published...

Celso Gamboa Allegedly Ran Drug Ring with Costa Rican Government Ties

Celso Gamboa, once Costa Rica’s Security Minister and a Supreme Court judge, now faces extradition to the U.S. for leading a major cocaine trafficking...

Fishing, Wildlife, and History in Costa Rica’s Barra del Colorado

Costa Rica’s Barra del Colorado is a magical and charming town. It’s one of the country’s hidden gems, best known for its world-class sport...

Costa Rica and U.S. Strengthen Border Scans and Biometric Cooperation

U.S. Secretary of Homeland Security Kristi Noem met Wednesday with Honduran President Xiomara Castro to discuss security and migration, following her offer in Costa...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica