Originally posted by DavidE
Mexico is dependent on around 30% of it's Magna, and all of it's Premium from the USA. All of the diesel in Baja California (that's one state), is
ULSD.
Wholesale fuel is on the rise and the exchange rate for the peso/dollar is eroding the peso.
Bad sun/moon/stars/tide alignment for gasoline and diesel prices in Mexico.
If my rig held a hundred gallons I would tend to want to fill before too much more time elapses. Countering this is the pressure of an election year
with the PAN far behind. I wonder which gravitational pull will be greater? Banco de Mexico spent a billion dollars of currency reserves the last week
or so and got nowhere. I am leaning toward seeing a fuel price increase soon. |