NewsWhore
07-14-2009, 02:30 PM
Oil imports fell by 1.5 million barrels in the first quarter of 2009, going from 3.5 million barrels to 2.0 million barrels. The average price of oil last year for the first quarter was US$93.30 a barrel and this year the average price for the first quarter was US$46.01 a barrel. In each of the first three months, less oil was imported than in the same months last year.
One of the most striking features of this information is that the cost of last year's first quarter oil imports was US$234 million and this year the cost was "just" US$93 million, give or take a few hundred thousand.
The first quarter statistics reveal that LPG was the main fuel used in the Dominican Republic with the equivalent of 2.3 million barrels being purchased in the first quarter, as opposed to 1.4 million barrels of gasoline and 1.8 million barrels of diesel. In one area, gasoline, more was imported during the first quarter of 2009 than in the first quarter of 2008, due mostly to the major price difference.
More... (http://www.dr1.com/index.html#4)
One of the most striking features of this information is that the cost of last year's first quarter oil imports was US$234 million and this year the cost was "just" US$93 million, give or take a few hundred thousand.
The first quarter statistics reveal that LPG was the main fuel used in the Dominican Republic with the equivalent of 2.3 million barrels being purchased in the first quarter, as opposed to 1.4 million barrels of gasoline and 1.8 million barrels of diesel. In one area, gasoline, more was imported during the first quarter of 2009 than in the first quarter of 2008, due mostly to the major price difference.
More... (http://www.dr1.com/index.html#4)