The price for a gallon of gas at the pump is crippling right now - and it's because the world price for a barrel of oil is over 90 dollars.
The Prime Minister says that if the high world prices continue, he will have to re-visit the one dollar gas tax in his next budget:
Hon. Dean Barrow, Prime Minister of Belize
"If this drops back down to under $90 a barrel does it hold, if it goes back up above $90 a barrel and trading at over $90 a barrel does hold for 3 months or so then at budget time I will have to do something. But it's so volatile and there is so much that goes into the mix that you can't be pre-mature, I'll look like a fool going up and down like a yoyo, we've got to see what a trend it is. This is a blip, not a trend."
Marion Alley, Reporter Channel 5
"But locally though can Belize have a plan B, how far away from the possibility...."
Hon. Dean Barrow, Prime Minister of Belize
"Plan B is to refine. We have two proposals, some Mexicans have approach us, we are done the due diligence, they appear to be very serious, very well healed and with the technical ability to do this. One thing that holding up making a decision in their favor is that BNE has said to me that it is contemplating the possibility of a full fledge refinery. Gilly Canton, the CEO told me that their board will make a decision by the 12th of this month. If BNE wants to do it in my view it will be a cabinet decision, my view is we should go with BNE, they are already, they are the ones extracting the oil."
Channel 7
AmbergrisCaye.com 
