Oh wait, this was 5 years ago.
Just saw an old news article. Peso at 49:1 vs dollar. Gas at US$2.23 for premium. Ah, the good old days.
Gasoline Prices Up 9 Pesos per Gallon Today
Fuel prices reached their highest level in history here in the Dominican Republic today. As of Saturday morning the fixed price for a gallon of premium gasoline is now RD$109.90. Regular now costs RD$100.50. With the peso currently hovering around 49:1 vs. the U.S. Dollar, that represents US$2.23 for premium, and US$2.05 for regular. The price of diesel has been increased by RD$4.60 to RD$69.60 per gallon (US$1.42). The government used an exchange rate of 49.08 pesos to the dollar in calculating the price increase, up from 47.15:1 previously. The price increase order was signed by Secretary of Industry and Commerce, Zaki Hazoury. A gallon of propane remains at RD$25 because the Government subsidizes its purchase, although the actual cost at the moment is RD$34.49 per gallon. On January 1, premium grade gasoline sold for RD$74.95, regular, RD$66.89, increases for the year so far of 33.6% and 36.3%. respectively.
Filed 12:06 05-22-2004
Just saw an old news article. Peso at 49:1 vs dollar. Gas at US$2.23 for premium. Ah, the good old days.
Gasoline Prices Up 9 Pesos per Gallon Today
Fuel prices reached their highest level in history here in the Dominican Republic today. As of Saturday morning the fixed price for a gallon of premium gasoline is now RD$109.90. Regular now costs RD$100.50. With the peso currently hovering around 49:1 vs. the U.S. Dollar, that represents US$2.23 for premium, and US$2.05 for regular. The price of diesel has been increased by RD$4.60 to RD$69.60 per gallon (US$1.42). The government used an exchange rate of 49.08 pesos to the dollar in calculating the price increase, up from 47.15:1 previously. The price increase order was signed by Secretary of Industry and Commerce, Zaki Hazoury. A gallon of propane remains at RD$25 because the Government subsidizes its purchase, although the actual cost at the moment is RD$34.49 per gallon. On January 1, premium grade gasoline sold for RD$74.95, regular, RD$66.89, increases for the year so far of 33.6% and 36.3%. respectively.
Filed 12:06 05-22-2004