⛽ Gas Affordability
Why Nicaragua's gas prices hit wallets harder than Uruguay's.
Welcome to Latinometrics. We bring you Latin American insights and trends through concise, thought-provoking data visualizations.
Gasoline ⛽
Gas is quite expensive in Uruguay. A liter, close to $2, is more expensive than in Germany, France, and the rest of Latin America.
Gas prices are a hot topic in many countries. Gasoline is one of those so-called "inelastic" goods—people will keep buying it no matter how high its price gets because entire economies and millions of livelihoods depend on it.
In Mexico and the US, gas prices often appear in media outlets' headlines weekly or even daily. This issue, a frequent topic of discussion in North America, can influence politicians' approval ratings and, in some cases, lead to protests. Surprisingly, Google Trends data suggests that Uruguayans show minimal interest in the topic despite the high price.
One crucial factor to consider in addition to gas prices is the affordability of gas.
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