Oil Surge Elicits Tough Love From Trump’s Latin American Allies

Gasoline prices in Colombia were raised by 600 pesos (~$0.14) per gallon for a second consecutive month, according to a statement from the Mines and Energy Ministry. The modest, repeated increase directly raises consumer fuel costs and could add incremental inflationary pressure domestically, but is unlikely to have material impact on regional markets.

Analysis

Gasoline prices in Colombia were raised by 600 pesos (~$0.14) per gallon for a second consecutive month, according to a statement from the Mines and Energy Ministry. The modest, repeated increase directly raises consumer fuel costs and could add incremental inflationary pressure domestically, but is unlikely to have material impact on regional markets.