Fuel prices soar at gas pump

You will never know from prices at the local gas pumps, but oil prices on the international market have tumbled, registering the lowest drop in the last seven weeks. Today’s drop on the New York Mercantile Exchange was as much as four dollars a barrel, down to one hundred and twenty-two dollars and eighty-four cents from a high of a hundred and forty-seven dollars and twenty-seven cents on July eleventh.

But in Belize, a new increase was sneaked on Sunday night and in the case of kerosene, the new price at city pumps are showing a jump of eighty-five cents, selling at eleven dollars sixty-three cents a gallon. In the case of diesel, the increase was seventy-two cents, bringing the new price to eleven dollars seventy-four cents. Premium has gone up thirty-four cents and is now retailing for eleven-fifty per gallon, while regular is up by twenty-eight cents, selling now at eleven dollars forty cents. Prices have similarly gone up in the districts registering new highs from the last hike on July eleventh.