NewsWhore
08-09-2011, 03:10 PM
Dominicans are curious whether the Fernandez administration will drop fuel prices now that international prices of oil are dropping. Traditionally, fuel prices have gone when international prices have increased, despite local purchases being made from Venezuela, which has another price structure.
Newspapers report the price of oil has plunged further and is now at US$81.31, falling another US$5.57 since last Friday for September deliveries. The price decrease, taking oil to the lowest level since November 2010, came as a result of the reduction in the credit rating of United States debt that was done for the first time in history by a credit agency, Standard & Poor's. The 6.41% drop in prices is for future contracts due in September. The new prices reflect a perception that demand for oil will decline.
More... (http://www.dr1.com/index.html#8)
Newspapers report the price of oil has plunged further and is now at US$81.31, falling another US$5.57 since last Friday for September deliveries. The price decrease, taking oil to the lowest level since November 2010, came as a result of the reduction in the credit rating of United States debt that was done for the first time in history by a credit agency, Standard & Poor's. The 6.41% drop in prices is for future contracts due in September. The new prices reflect a perception that demand for oil will decline.
More... (http://www.dr1.com/index.html#8)