Friday, September 02, 2005

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.

1 comment:

Joe W. said...

You can be sure that there are Salvadorans in New Orleans who are in bad shape right now. I wonder how Manny and Isabel are doing... they had a restaurant called La Macarena that served absolutely perfect pupusas. They are in Kenner, so they might have escaped the worst of it. There is a restaurant closer to the heart of New Orleans called Taqueria Corona that is run by Salvadorans. I sure hope these folks are OK... I used to eat there at least once a week.