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rts551
Elite Nomad
Posts: 6700
Registered: 9-5-2003
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Gas and diesel going up again tomorrow
http://bit.ly/1zS2Z1S
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DaliDali
Super Nomad
Posts: 1132
Registered: 4-21-2010
Location: BCS
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It goes up every month.....rain or shine.
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Ateo
Elite Nomad
Posts: 5927
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Fill up in San Ysidro! Cheaper!
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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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.
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StuckSucks
Super Nomad
Posts: 2366
Registered: 10-17-2013
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Yesterday at Costco in Culver City, I paid 3.18. Beginning next week, I will drive 3600 miles in Baja.
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DaliDali
Super Nomad
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| 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)
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TecateRay
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What exchange rate are most stations giving?
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
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| Quote: | Originally posted by TecateRay
What exchange rate are most stations giving? |
Get pesos so you don't have to worry about it....
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David K
Honored Nomad
Posts: 65348
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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| 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!
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rts551
Elite Nomad
Posts: 6700
Registered: 9-5-2003
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| 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?
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Hook
Elite Nomad
Posts: 9011
Registered: 3-13-2004
Location: Sonora
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Mood: Inquisitive
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| 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
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DaliDali
Super Nomad
Posts: 1132
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| 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.
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Bajahowodd
Elite Nomad
Posts: 9274
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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?
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TMW
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Location: Bakersfield, CA
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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.
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DENNIS
Platinum Nomad
Posts: 29510
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| 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.
"YOU CAN'T LITTER ALUMINUM"
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Udo
Elite Nomad
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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?
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Udo
Youth is wasted on the young!
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Hook
Elite Nomad
Posts: 9011
Registered: 3-13-2004
Location: Sonora
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Mood: Inquisitive
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| 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?
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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.
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
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| 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?
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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?
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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| 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?
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Which just fell to $79 a barrel today!
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elgatoloco
Ultra Nomad
Posts: 4348
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Location: Yes
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Just the other day I paid $2.37 US for a gallon of gas.
MAGA
marooons Are Governing America
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