Inflation in the fast lane


Woke up this morning and…

The price of fuel at the drive up pumps is up. Under Panama’s system there are slight regional variations but in Panama province and Colon 95 octane gasoline is now more than a dollar a liter – $1.033, or $3.90 a gallon. The farther away from the importers’ terminals, the more expensive, most of all in Changuinola where that same liter of 95 octane will set you back $1.083. This reporter rides the buses, which fill up on subsidized prices and have price controlled fares. The higher price gets paid one way or another, through reduced public services and a higher national debt even for those who don’t directly pay.



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night oil