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May 13th, 2006
I forgot gas prices were going up again today, so it caught me off guard when my wifey and I stopped for a routine fillup last night and found ourselves in a loooong line at the pump. The price of gas was going up another 50 some colones (10 cents or so) and for the average costa Rica, THAT is a hunk of money.
I watch Fox and CNN and hear the non stop whining about US gas prices hitting $3.00 per gallon. Well this little increase of $.10 brings OUR price to about $3.94, tough for an American family, but a staggering price for the average Costa Rican to pay for fuel.
Even allowing for the annual devaluation of the colon, for sure that is a HUGE increase.
As a Costa Rica family with an annual income of $5,000-6,000 is considered as doing quite well, this last increase is going to have another profound effect on their spending.
When I arrived here a few years back, ( 5 maybe?) I paid 7,500 colones to fill-er-up. Now, it is 21,000 colones (about $42.00 for my little Mitsubishi Lancer… same car as 5 years ago… and certainly not a gas hog.
Further, by far, Costa Rica has the highest gas prices by far in all of Latin America… Things that make you go… hmmm.Filed under Costa Rica, Life in Costa Rica, Other Stuff | Comments (4)