BajaNomad

News report on Pemex price differentials

Ken Cooke - 6-9-2008 at 05:04 PM

http://www.9news.com/news/watercooler/article.aspx?storyid=9...

I wonder how this will affect tourism? Will Pemex raise the price along the border to compensate, or will the border patrol get more strict with regard to people bringing gasoline/diesel back across the border?

I brought back 5 gal. on Friday evening, and nothing was even said. That being the case, this weekend, I'm bringing back 10 gal. along with a full tank.

As for the naysayers, I commutted to work and back on cheap Pemex gas and prices at the pump here have me in shock.

CortezBlue - 6-10-2008 at 08:26 AM

I brought back 20 gals (4x5gal jerry cans) I had more trouble at the military post north of San Felipe than anywhere else.:coolup:

Mexican Energy minister sends up trial balloon

fulano - 6-11-2008 at 01:51 PM

Get ready to see the price of Mexican gas rise up to close to US prices.

http://www.cronica.com.mx/nota.php?id_nota=366786

"La secretaria de Energía, Georgina Kessel Martínez, estimó conveniente reducir gradualmente el subsidio que se otorga a los precios de las gasolinas, que este año ascendería a 200 mil millones de pesos.

Sin embargo, en rueda de prensa, la titular de la Secretaría de Energía (Sener) afirmó que también debe salvaguardarse el nivel de vida de la población."


Transalation:
The Secretray of Energy, Georgina Kessel Martinez considers it desireable to gradually reduce the price subsidy on gasoline, that will rise to $20 billion dollars this year.

However, in a press conference, the head of the Energy Department also reaffirmed that the the standard of living of the people must be safeguarded.

Ken Cooke - 6-11-2008 at 04:04 PM

While $20 Billion is a large amount of subsidy money, I was wishing this wouldn't happen... :no:

Woooosh - 6-11-2008 at 04:23 PM

I would hate to see some idiots blow themselves up moving gas back across the border. The baja nomads know how to do this properly and safely- but I fear some knuckleheads will fill their trunks with gas in milk jugs or an equally unsafe equivalent. Too much can happen to your car between the local PeMex station and the border. Come to think of it- I don't want to even be waiting in line to cross the border with some idiot loaded with gas inside his car next to me.

I'm surprised to see Mexico admit to spending $20 Billion subsidizing gas prices at the pump while at the same time asking the USA for $1 Billion to fight the narcos. Seems like a lot of gas though. If they are eating even $2 for every gallon of gas sold below market at the pump- they are saying Mexico is using 10 billion gallons of gasoline? In how long?

Osprey - 6-11-2008 at 07:07 PM

subsidies are good "It is better to give than to receive" Jorn Berg

Bjorn Berg? Bjjorn? JJBorn? Bc.....

[Edited on 6-12-2008 by Osprey]