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Pedro1 #312858 11/29/08 05:28 PM
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simple unless your discussing it with peter.


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elbert #312859 11/29/08 05:37 PM
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Elbert it is not my fault that you missunderstand how the price of fuel is worked out in Belize--bow scrape grovel to our lord and master administrator-

Pedro1 #312892 11/30/08 06:13 AM
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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.

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Every time the price goes down they take a loss and every time it goes up they make a nice windfall profit - so they were paid forward for any losses they occured now through the years when the prices were steadily climbing.

Moby #312897 11/30/08 08:13 AM
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We paid $6.24bz at the pier in the front of the Island on Friday the 28th. Did it go back up to $7.5?
confused

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Originally Posted by Amanda Syme
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?

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Actually Amanda that is totally incorrect-gas prices in Belize are decided when gas/diesel is bought i.e. buy in Venezuela at price x the gas price is sold at price y -there is always a positive profit between x and y-

Pedro1 #312990 11/30/08 05:35 PM
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can't be right all of the time.

I didn't say I felt sorry for Caribena - those are the breaks in business - we win some we lose some.


Marty #312996 11/30/08 06:18 PM
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It's been almost a month since the thread was started and the prices were finally down in Belize City and Dandriga.

What is diesel now? I really need to know, thanks in advance.


I hope that someday we can put aside our fears and prejudices and just laugh at people.
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Originally Posted by Amanda Syme
can't be right all of the time.

I didn't say I felt sorry for Caribena - those are the breaks in business - we win some we lose some.



You were correct - the price at the pump doesn't change till the ship comes to port.

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