Gasoline prices continue upward
(Newsroompanama.com) Gasoline prices in Panama will climb again on Wednesday, December 29, with 95 octane up by four cents a gallon and 91 octane by seven cents.
Currently, a gallon of 95 octane costs $3.46, and 91 octane $3.25.
As the price of oil continues to rise, analysts are predicting that it will reach $100 a barrel in 2011 and prices at the pump will reach $4, and move towards the 2008 record of $4.50 a gallon.
OnThursday December 23, the price of a barrel of oil closed at $91.51, and OPEC (Organization of Petroleum Exporting Countries) gave no signs signs of increasing production.
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Original Source: Newsroompanama.com
Date Retrieved: December 28, 2010.
