
Gasoline above $5.13 per gallon in the central region, regular and diesel under five dollars in the other three regions
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El Salvador's General Directorate of Energy, Hydrocarbons and Mines announced the fourth consecutive freeze on fuel prices, which began after top gasoline topped five dollars a gallon. The measure is motivated by international market uncertainty, tensions with Iran and the decline in US oil supplies.
In El Salvador, the Directorate General for Energy, Hydrocarbons and Mines has announced that fuel prices will remain unchanged from November 10th to 23rd. This is the fourth consecutive fortnight of blockade since premium gasoline crossed the five-dollar-a-gallon mark. The cost will remain at 5.13 dollars for the superior in the central area, while regular and diesel will remain under five dollars in the other three regions of the country.
As explained by the organization in a statement released on social media, "prices will not change, despite the uncertainty that prevails in the international market". Triggers include the contraction of exports from the Strait of Hormuz and the US attacks on the island of Qeshm, events which have exacerbated tensions with Iran. The declines in US oil stocks, a market on which the Central American nation depends, also had an impact.
WTI oil fell 8.3% on Wednesday, closing at $88.12 a barrel. The decline came after President Donald Trump acknowledged the impact of the war against Iran on his party's defeat in the midterm elections.

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