This is another sign of the weakening of the Peso to the Dollar as it is dollars that are used to purchase fossil fuel in the international markets.

The problem is this causes an inflation of consumer prices as merchants roll the costs of fuel and transportation into their point of sale/service price formulas to the Dominican consumers who are on a fixed salary or no salary. The middle class will shrink, the poor will increase, and the rich will get richer.

Gas prices rise for 35th consecutive day, D.C. tops $4 a gallon

washingtonpost.com/blogs/dr-gridlock/wp/2013/02/21/gas-prices-rise-for-35th-consecutive-day-d-c-tops-4-a-gallon/

(•.•)

It is all arund the world ...what is happening ...soon we will need to have one or two horses in every home or use a horse drawn taxi

What middle class?

If we buy gasoline from Venezuela at favorable prices with favorable terms of payment, why do we pay so much more than the US?

Ricardolito, what about Petrocaribe?

Lets see........

DR gets most of its Fuel from which country?

What did that country recently do to it's currency?

Hmm.........

says anthonyc

Written by: anthonyC, 22 Feb 2013 3:09 PM
From: United States
Lets see........

DR gets most of its Fuel from which country?

What did that country recently do to it's currency?

Hmm....

hmmm, what? the debt is paid in dollars, not bolivar, or pesos. if the price is set at 20 dollars per barrel, for example, what does devaluation have to do with anything? as i keep saying, you and Atabey are two know nothings here who just will not learn the simplest of things before you shoot your mouths off.

Sadly Petrocaribe may be short lived. The instability of the short term outlook for the Venezuelan government, may be prompting the DR to raise the prices as much as possible, as they fear Petrocaribe maybe dissolved/abandoned by the next leader after Chavez dies. N. Maduro will never have the clout that Chavez did with the pueblo Venezolano, or Diosdado Cabello may take power with the military backing him, or if elections are held Capriles may win this time. Nobody knows, but the relationship with Cuba may suffer with the new leadership of Venezuela, as may the Petrocaribe agreements. DR may just be prepping themselves for a life without Petrocaribe. MHO only.

Juango, the entire region is. your analysis is on the money

JC...you and your extra heavy SUV crowd have no reason for concern...as long as the dirty money flows your way

JCHL...what is the average wage in Washington??? $49354 a year. ...ofm.wa.gov/trends/economy/fig102.asp

What is the average wage in the Dominican Republic??? $460 a month...$5520 a year.

You...are totally out of touch. Keep posting and you dig yourself deeper. As for DC prices...the same or falling .... washingtondcgasprices.com/

Stop being a donkey.

What is the buying power of the average Dominican to the average DC'er...about 9 times less...donkey!

So...no one should raise an eybrow about paying the equivelent of $50.88 a gallon when you balance wages???
DONKEY

JHCL...are you Dominican???

It amazes me how so many Self-professed economic geniuses have no clue about the most basic of economics.


If you think that the devaluation of the Venezuelan Bolivar has nothing to do with the price of fuel in the DR then you can just go right ahead and b*tch and moan.....We will just ignore you.

BTW part of the payment for the Ven. Oil is in produce, The value of which is based on the Bolivar vs US Dollar exchange rate.

actually, anthonyc, go do a basic course in economics , then you can come back, and i will explain this to you. just make sure that your professor is not Atabey. between you both, you do not know a millionth of a percentage of what i have forgotten. you think you do, but i am very sorry to be the bearer of bad news.

says anthonyc

If you think that the devaluation of the Venezuelan Bolivar has nothing to do with the price of fuel in the DR then you can just go right ahead and b*tch and moan.....We will just ignore you.

it is a triumph for me when ignorant, unwashed, uneducated peasants like you ignore me. you think i would like to know that you agree with me? that would eradicate any little credibility i have worked all these years to accumulate.

for those people out there who are uncertain about how this little matter of devaluation of the Bolivar works, in relationship to gas prices in the DR, here it is, in a nutshell, in case you are interested

1...Venezuela has oil

2..the DR buys oil from Venezuela

3..the DR pays for oil in US dollars, since it is the reserve currency that is used for transactions.

4..the DR peso is pegged to the US dollar at a set rate, such as 40 pesos to the dollar

5..the Bolivar is also pegged to the dollar, at a fixed rate of exchange

6..THE DOLLAR IS NOT PEGGED TO EITHER THE BOLIVAR OR THE PESO.

7...if the bolivar gets devalued, that has nothing to do with the peso, even though they are both pegged to the dollar.

8..a change in the exchange rate of the bolivar, in relation to the US dollar, does not change the price that the DR pays Venezuela for oil.

9..when the DR pays Venezuela for oil after devaluation of the Bolivar, Venezuela receives more Bolivar per gallon, but not

more dollars, nor more pesos.

10..anthonyc needs a course in basic international finance.

Ric will be carrying Danilos clubs , jock strap and Dasani bottle after he cuts the ribbon at the new Texaco multi plaza in zona colonial . But first , they're going to recruit Ady to help them load up the sled and hand deliver 6 million shiny new schwinns with a bell ,a food basket and a fruit cake attached to the handle bars .

the fruit cake attached to the handle bars will be Atabey.

Dread , as we discussed ,
90 % of this countries wealth is being pissed away in one small corner , meaning that the mere 20 % of the well to dos that bring those wrinkled benjamins into the country as they wine and dine their desperate overweight American house wives at a cheap all inclusive never feels the slightest twings of heart burn or indigestion here when the cost of filling the tank of their Mercedes golf cart goes up in Cap Cana .
Therefore , its the 90% majority of the poor and down trodden Dominicans that sell fish and chicken on some remote strip of sand in the middle of nowhere whose personal economies depend on the likes of ourselves to come along every so often and throw a 1000 pesos in the tanks of their moto because rest assured , that unless the all incs break ground in those remote regions one day in the future , they will never see Unc Ady or Ric wearing red capes and an elf hat with a red sleigh full of petroleum fruit baskets on the landing strip.

heartbeat, just think of the difference we made to that little place on the beach. if all the blubber wagons you described spent their money at places like those, the picture would be different. but the geniuses here, even on this website, bring out the bugles and blare triumphant cacophonies every time Leonel or Danilo cuts a ribbon to yet one more all inclusive hotel, owned by some Spaniard. know why they are so happy? because it means they have the most hotel rooms in the caribbean, and it is bragging rights that count, not how many dollars are spent, or how many dollars stay in the island, and stay in the community. as long as someone says "we're number 1, they do not care about what it is number 1 means. it just means we won. they don't even care what the trophy is, or what it is made of.

Well said Dread ,
They can continue to masturbate themselves in the Patterson master bedroom suite while they give their tiki statues of Leo and Duarte another shot of botox but whats down in the well will eventually come up in the bucket.
And speaking of Ady, there is an old proverb that says ignorance is bliss '', but may I put a codicil on it and add that it is also never missed . He must be hiding under a rock in the sheep fields of Albania again as he tries to dodge the tourist police back on the Indian thread .

PCM,

A LED TV cost twice as much in DR, a NIKE cost double in DR, a Laptop cost double in DR... Does "what is the average wage in Washington" apply to these and other products?

There you go... back to reality!

(•.•)

But isn't it mind blowing that you will pay 200 dollars for an escort in Washington and only 25 dollars for a beautiful 19 year old fresh out of the box Domincan gal ..???

Hey , Dread ,
Next time we bring the stogies and the chicas with their Blackberries lol.

sounds like a plan to me. at least two each!

"THE DOLLAR IS NOT PEGGED TO EITHER THE BOLIVAR OR THE PESO."


That is officially the dumbest statement I have ever read on this site!

says the calle 8 gusano

Written by: anthonyC, 23 Feb 2013 2:37 PM
From: United States
"THE DOLLAR IS NOT PEGGED TO EITHER THE BOLIVAR OR THE PESO."


That is officially the dumbest statement I have ever read on this site!

the peso and the bolivar are pegged to the dollar. not the other way around, you dumb douche.

the DR peso is not officially pegged to the US dollars, as is currency such as the EC dollars, the Bolivar, and about 15 or so other countries. it trades at a fixed rate, so it does not respond to changes in the value of the US dollar. let us say that the exchange rate is 40 to one against the dollar , today. if the dollar loses strength next week, the peso is still 40 to 1. if it was pegged to the dollar, fluctuations in the dollar would cause fluctuations in the peso. that is why, despite the musings of the analfabeto gusano, the US dollar is not pegged to any other country, least of all the currency of caribbean third world states. the peg is to help stabilize the currency. why would the USA peg to the currency of the Cayman Islands?

only anthonyc has that answer. maybe himself and his new academic studies partner Atabey can give us the answers.

If I could buy Dread for what he is worth and sell him for what he THINKS he is worth I could afford to make the DR a 1st world country... Just a thought.

its easier, Escott. just come up with the money that they collected for that charitable venture, that somehow nobody can find. since you were in charge, maybe you could just turn it over, and the DR would be a first world country

Just a thought. now run along, you half wit swindler.

A first world country ran by a third rate looser who spends his lifeless monger existance driving his1974 two wheeled jeepeta through the potholes of Los Charamicos throwing tootsie rolls and twinkies at the little girls in blue blouses trying to get a date for the half time slot during Monday night football , and when hes not pursuing that hobby , he spends his idol time hiding under the bleachers at POP high school with a bottle of Brugal and a bag of empanadas trying to get a cheap peep up a few skirts;

Dread ,
I thought somebody stepped on this useless cockroach a long time ago but Im glad to see he has managed to pay off his probation officer for an opportunity to come to the season finale. This pathetic piece of mule stoole makes even Dreamy look classy and i WOULD LOVE TO SEE HIS SORRY ASS HUMILIATED one last time lol.