The fuel prices are controlled once they hit the port. Caribena lost over $60K when the price went down drastically last month. They paid high and had to sell low. I can't see how that is a good thing for their business. Seems like they might keep their stocks low in case the price drops again. Which means we might run out of fuel on the island from time to time if Caribena realizes it can't take the hit again.
Amanda,
I think every link in the supply chain takes a risk in the oil/gas business. While the price may dip even lower killing today's profits, Caribena may want to keep their stocks high at this low level in hopes the price goes up 30% next week. They chose to be in this volatile commodity business. In San Pedro, they have monopoly control over one of the largest gas/diesel markets in Belize AND they cashed in for the last 2 years as oil prices rose every day/week. Why feel sorry for them now?