The price of gasoline has seen a double-digit decline for the second week in a row. Diesel fuel also went down considerably. Over the last two weeks premium gasoline has gone down RD$22.60, regular by RD$22.30 and diesel by RD$15.20, much to the relief of consumers. However, compared to 2007 prices, when West Texas Intermediate was also quoted at US$69.85 a barrel, today’s prices are still RD$18.50 higher for regular and RD$19.70 higher for premium gasoline and RD$30.10 higher for normal diesel fuel. Kerosene also is down a little over ten pesos per gallon, and housewives are happy to hear the propane gas is down RD$5.30 per gallon.<\/p>\n
Petroleum prices are up by 52% since 11 July, and according to Diario Libre, some analysts are predicting that oil will fall below the US$50 level. Demand for gasoline was up 5.2% for the month ending 10 October in comparison to a year ago. The United States Department of Energy said that inventories increased by5.6 million barrels last week, way above the 3.1 million that was predicted by the experts.<\/p>\n","protected":false},"excerpt":{"rendered":"
The price of gasoline has seen a double-digit decline for the second week in a row. Diesel fuel also went down considerably. Over the last two weeks premium gasoline has gone down RD$22.60, regular by RD$22.30 and diesel by RD$15.20, much to the relief of consumers. However, compared to 2007 prices, when West Texas Intermediate … <\/p>\n