Gasoline prices will follow the U.S. dollar and go higher shortly

The U.S. dollar has gotten stronger, so now the gasoline prices will follow.

The Autoridad Reguladora de Servicios Públicos said Wednesday that super gasoline will increase 45 colons, plus will go up 36 colons and diesel will increase 25 colons.

In terms of the U.S. dollar, the increases mean that a gallon of super will cost $5.30, some 32 U.S. cents higher than the previous price.

Plus will be $5.07 a gallon, up 25 U.S. cents, and diesel will be $4.73 a gallon.

The new prices in colons will be 756 colons for a liter of super, 723 for plus and 675 colons for diesel.

The U.S. dollar has increased about 50 colons since Feb. 1.  Since petroleum is an imported product, the price must be settled in dollars. Another increase is coming because the Autoridad used an exchange rate of about 530 colons to the dollar, but the rate continues to favor the U.S. currency more.

These rates will go into effect when they are published in the La Gaceta official newspaper.

The new prices mean that a 20-gallon fill up will cost the equivalent of $106.

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