By Rubén Morales Iglesias:CNN Español reports that Belize has the highest price of fuel in the Americas, only behind Uruguay, according to Global Petrol Prices.
That is by conversion to US dollars.
The South American country leads with US$6.24 for a gallon while Belize was rated at US$ 5.83.
Right now, premium gasoline here is at Bz$11.76 which at 2 for 1 rate would put us at US$5.88. Regular is a Bz$11.38 which translates into US$5.69 at that same 2 for 1 rate.
Of course, that doesn’t take into account variables such as cost of living, cost of basic commodities, salaries, taxes, how many miles we run our cars, etc. Still, the reality is that we are feeling the squeeze deep in our pockets.
Chile is third at US$ 4.60 per gallon followed by Cuba at US$ 4.54 and Honduras at US$ 4.29.
The cost of crude oil is at US$80 a barrel, so prices might just remain there.
What’s worst, CNN Español reports that Goldman Sachs projects that the barrel will reach US$90 by year’s end.