Rise in gasoline prices threatens social stability and food security in Latin America
CNN
South American countries are bracing for an autumn of discontent, as spiking global fuel prices threaten to provoke more protests in the upcoming months.
Rising fuel prices have already brought about protests in Argentina, Ecuador and Panama. Their neighbors could be particularly susceptible to rising prices at the pump, because the region lacks alternative means of transportation, such as railways and waterways that are more common in Europe and North America -- and guzzle less fuel.
"The price of fuel is an anchor for the entire economy: if fuel increases, it has a direct impact on all sorts of prices," says Sergio Guzman, director of Colombia's Risk Analysis, a business consultancy in Bogota.
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