Chi_trekker wrote:
Okay. I went to Shell yesteday and asked. The guy at the pump said that super and regular are going down another 150 Cs on the 15th. This is roughly 490 Cs for a liter of super. By my calculation, this is roughly $3.37 per gallon.
Even better the price will drop at 12:01 AM Saturday morning rather then on the 15th.
Inside Costa Rica Wednesday December 10, 2009
Gasoline Prices To Keep Falling. Finally!
With the drop in the price of crude oil on international markets, the price of gasoline at the pumps in Costa Rica are finally beginning to fall, the biggest drop to be this Saturday.
According to the Autoridad Reguladora de los Servicios Públicos (Aresep) - regulator of public prices and services - the price of gasoline will keep dropping.
The price of a barrel of crude on international markets went from us$144 in July to yesterday's close of us$43. However, a gallon of gasoline in Costa Rica still costs more than us$5, while in the US, for instance, the price is under us$2 a gallon.
On Friday, the latest approved price drop will be published in La Gaceta and takes effect at the stroke of midnight Saturday, when a litre of super gasoline goes down in price ¢152 colones, regular ¢150 and diesel ¢87. The price of natural gas and aviation fuel will also drop.
Currently a litre of super gasoline sells fro ¢640 colones, on Saturday it will be ¢488. A litre of regular gasoline will drop from today's price of ¢624 a litre to ¢474 and diesel from ¢609 to ¢522.
Using today's exchange rate of ¢550 colones to a US dollar, the price of a litre of super is us$1.16 (us$4.49 a gallon), regular us$1.13 (us$4.37) and diesel us$1.10 (us$4.25).
On Saturday the prices for a litre of super will be us$0.88 (us$3.40), regular us$0.86 (us$3.34) and diesel us$0.95 (us$3.6

.
However, there is good news, prices will continue to drop even further if the price of crude remains the same. The Aresep has changed its formula for calculating gasoline prices from 30 days to 15 days.
The change means that Recope - the state refinery - could ask for a further reduction on Friday that could mean a further reduction of ¢50 per litre that would take effect in the new year.
Inside Costa Rica Thursday December 11, 2008
Correction: Gasoline Prices To Keep Falling. Finally!
On Wednesday we reported that the price of gasoline drops considerably at the stroke of midnight Saturday. For clarity, the lower prices take effect at 12:01 am Saturday.
A reader pointed up that our stroke of midnight statement would mean the prices drop on Sunday.
We apologize for any misunderstanding. The price of gasoline definitely drops ¢152 colones for a litre of super, ¢150 for regular and ¢87 for diesel.
The approved price reduction is to be published in the government official publication, La Gaceta, Friday, December 12 and takes effect the at 12:01am Saturday, December 13.
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