Katrina's impact felt in El Salvador
Hurricane Katrina's damage to the oil industry is having a serious impact on gasoline prices in El Salvador. Prices are rising by 70 cents per gallon in the country. Such a cost increase will again create pressure by the owners of bus companies to raise fares. A significant percentage of Salvadorans rely on the buses for their transportation, and attempted fare increases at the beginning of July led to violent protests.
Comments