BajaNomad

Gas and diesel going up again tomorrow

rts551 - 10-31-2014 at 02:27 PM

http://bit.ly/1zS2Z1S

DaliDali - 10-31-2014 at 02:46 PM

It goes up every month.....rain or shine.

Ateo - 10-31-2014 at 02:56 PM

Fill up in San Ysidro! Cheaper!

Bajahowodd - 10-31-2014 at 04:55 PM

The problem is that Pemex reserves are dwindling because as of yet they have not allowed the international oil companies that have the expertise and equipment to drill the huge deposits of crude that Mexico has in the gulf. Meanwhile, crude prices elsewhere have plummeted, bring a gallon down to around $3.00 a gallon or lower in the US.

StuckSucks - 10-31-2014 at 05:05 PM

Yesterday at Costco in Culver City, I paid 3.18. Beginning next week, I will drive 3600 miles in Baja.

DaliDali - 10-31-2014 at 05:09 PM

Quote:
Originally posted by Bajahowodd
The problem is that Pemex reserves are dwindling because as of yet they have not allowed the international oil companies that have the expertise and equipment to drill the huge deposits of crude that Mexico has in the gulf. Meanwhile, crude prices elsewhere have plummeted, bring a gallon down to around $3.00 a gallon or lower in the US.


I wonder if crude exports out of MX are at world market prices or MX prices?
Seems reasonable to me that if MX won't sell crude at the benchmark price worldwide, they won't be exporting much.
Since crude is the #1 source of income for MX, that source is going to take a nose dive soon with untold repercussions.

Why buy crude at $100 clams a barrel when the market price is now hovering around $70+ clams a barrel. (por emplejo)

TecateRay - 10-31-2014 at 08:29 PM

What exchange rate are most stations giving?

Bajaboy - 10-31-2014 at 08:41 PM

Quote:
Originally posted by TecateRay
What exchange rate are most stations giving?


Get pesos so you don't have to worry about it....:light:

David K - 11-1-2014 at 06:47 AM

Quote:
Originally posted by StuckSucks
Yesterday at Costco in Culver City, I paid 3.18. Beginning next week, I will drive 3600 miles in Baja.

Costco San Marcos yesterday was $2.97
Drill baby drill!

rts551 - 11-1-2014 at 11:06 AM

Quote:
Originally posted by David K
Quote:
Originally posted by StuckSucks
Yesterday at Costco in Culver City, I paid 3.18. Beginning next week, I will drive 3600 miles in Baja.

Costco San Marcos yesterday was $2.97
Drill baby drill!


I guess the world market and OPEC price war has nothing to do with this huh?

Hook - 11-1-2014 at 01:49 PM

Quote:
Originally posted by Bajahowodd
The problem is that Pemex reserves are dwindling because as of yet they have not allowed the international oil companies that have the expertise and equipment to drill the huge deposits of crude that Mexico has in the gulf. Meanwhile, crude prices elsewhere have plummeted, bring a gallon down to around $3.00 a gallon or lower in the US.


No, the REAL problem is that such a high percentage of Mexicans evade taxes and fees and the government must use oil revenues to run the country.

http://www.thedialogue.org/page.cfm?pageID=32&pubID=3386

DaliDali - 11-1-2014 at 03:57 PM

Quote:
Originally posted by Hook
Quote:
Originally posted by Bajahowodd
The problem is that Pemex reserves are dwindling because as of yet they have not allowed the international oil companies that have the expertise and equipment to drill the huge deposits of crude that Mexico has in the gulf. Meanwhile, crude prices elsewhere have plummeted, bring a gallon down to around $3.00 a gallon or lower in the US.


No, the REAL problem is that such a high percentage of Mexicans evade taxes and fees and the government must use oil revenues to run the country.

http://www.thedialogue.org/page.cfm?pageID=32&pubID=3386


With the high level of government corruption, is it any wonder so much of the MX economy is underground....
Why feed the monster?....they just waste it and line their own pockets.
This could be said of NOB just as easy.

If MX fuel costs keep rising.....the Zocolo in DF is going to get ugly.

Bajahowodd - 11-1-2014 at 04:47 PM

Does anyone know if Mexico actually exports crude, other than what they send to the Southwestern US to be refined and shipped back as gasoline?

TMW - 11-2-2014 at 10:54 AM

They are one of the top three the US imports from.

While U.S. total net crude oil imports fell during 2013, the share of imports last year from the United States' top three foreign oil suppliers—Canada, Saudi Arabia, and Mexico—was the highest in at least four decades, according to preliminary annual trade data from EIA's Petroleum Supply Monthly report. These three countries provided almost three out of every five barrels of oil imported into the U.S. market last year.

DENNIS - 11-2-2014 at 11:11 AM

Quote:
Originally posted by DaliDali

With the high level of government corruption,



Don't look at it as corruption. Look at it as culture. So much more respectable.

Udo - 11-3-2014 at 03:39 PM

I would hope that the USA is not that stupid as to pay 35% higher prices from Mexico crude, than the world market rate.
Quote:
Originally posted by Bajahowodd
Does anyone know if Mexico actually exports crude, other than what they send to the Southwestern US to be refined and shipped back as gasoline?

Hook - 11-3-2014 at 03:47 PM

Quote:
Originally posted by Udo
I would hope that the USA is not that stupid as to pay 35% higher prices from Mexico crude, than the world market rate.



Quote:
Originally posted by Bajahowodd
Does anyone know if Mexico actually exports crude, other than what they send to the Southwestern US to be refined and shipped back as gasoline?


That's an interesting thought. I'm sure we are paying some type of market price, but it could be at some contractual agreement made in the past, when oil was much higher.

But if we are trading refined fuels back to them at below 3.00/gallon (which it is in many places in the Sun Belt), Mexico is making money at the Pemex pumps, too, on our relatively cheap fuel. Pemex fuel is now about 20% higher than a lot of border states.

Remember when the Mexican govt decided to levy a surcharge on fuels close to the US border to discourage people from crossing into Mexico and buying cheaper Mexican gas. No one is doing it now. I wonder if the surcharge is still in place.

willardguy - 11-3-2014 at 03:55 PM

Quote:
Originally posted by Hook
Quote:
Originally posted by Udo
I would hope that the USA is not that stupid as to pay 35% higher prices from Mexico crude, than the world market rate.



Quote:
Originally posted by Bajahowodd
Does anyone know if Mexico actually exports crude, other than what they send to the Southwestern US to be refined and shipped back as gasoline?


That's an interesting thought. I'm sure we are paying some type of market price, but it could be at some contractual agreement made in the past, when oil was much higher.

But if we are trading refined fuels back to them at below 3.00/gallon (which it is in many places in the Sun Belt), Mexico is making money at the Pemex pumps, too, on our relatively cheap fuel. Pemex fuel is now about 20% higher than a lot of border states.

Remember when the Mexican govt decided to levy a surcharge on fuels close to the US border to discourage people from crossing into Mexico and buying cheaper Mexican gas. No one is doing it now. I wonder if the surcharge is still in place.

good question. and why would the mexican govt care if folks crossed the border to buy gas, and spend a little money while they're here?

Bajahowodd - 11-3-2014 at 05:51 PM

Quote:
Originally posted by Udo
I would hope that the USA is not that stupid as to pay 35% higher prices from Mexico crude, than the world market rate.



Quote:
Originally posted by Bajahowodd
Does anyone know if Mexico actually exports crude, other than what they send to the Southwestern US to be refined and shipped back as gasoline?


Which just fell to $79 a barrel today!

elgatoloco - 11-3-2014 at 06:00 PM

Just the other day I paid $2.37 US for a gallon of gas.

gjwarneke - 11-3-2014 at 08:01 PM

San Felipe Pemex exchange rate today...13.10

Up to the moment report

Howard - 11-3-2014 at 08:29 PM

Diesel in Loreto today was 13.83 a liter and at 13 pesos to the $ that comes out to $4.03 a gallon.

Glad it's not $5.03 a gallon as I would probably pay it, just to be in Baja.

bajabuddha - 11-3-2014 at 10:59 PM

So, 'today' (11/3 @ 20:00 hrs) was $4.03 a gallon.

The article was first posted on 10/31. Anyone have the price on that day?

Just askin', curious, not judgemental. What happened to it?

:?:

For your inquiring minds that want to know...

Howard - 11-4-2014 at 01:44 AM

Diesel was 13.72 pesos per liter on October 27th at the Pemex in El Rosario.

chuckie - 11-4-2014 at 05:01 AM

3.57 in Pueblo Colorado yesterday...

msteve1014 - 11-4-2014 at 08:24 AM

It was 3.43 in Delta Co. last week... about 3.60 here in Oxnard

grizzlyfsh95 - 11-4-2014 at 08:35 AM

It is all about the strong dollar. Look at the exchange rate. Inflation rate.

Bajahowodd - 11-4-2014 at 05:52 PM

$2.99 a gallon in Garden Grove today at a Mobil station. Probably lower at ARCO.

Ateo - 11-4-2014 at 06:03 PM

$3.35 in Rancho Palos Verde. He's making a good margin!

tripledigitken - 11-4-2014 at 06:07 PM

$2.57 in Las Cruces, NM today.

Maron - 11-4-2014 at 09:26 PM

$2.99 per gallon, in Fullerton, Ca. Very near Disneyland and Knotts Berry Farm.

Bajahowodd - 11-5-2014 at 04:58 PM

Quote:
Originally posted by tripledigitken
$2.57 in Las Cruces, NM today.


NM is my second home away from home after Baja. The price reflected against the California price is mostly about state tax.

Pappy Jon - 11-6-2014 at 03:07 PM

Quote:
Originally posted by tripledigitken
$2.57 in Las Cruces, NM today.


A bit more in Albuquerque at around $2.76, plus or minus.

Magna was 13.13mx/l when I was there in October.

[Edited on 11-6-2014 by Pappy Jon]