durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline
Mood: thriving in Baja
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Current gas/diesel prices?
Haven't been to PEMEX since the new IVA tax kicked in and none of the usual internet sites have been updated. So what are the current prices?
Bob Durrell
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ncampion
Super Nomad
Posts: 1238
Registered: 4-15-2006
Location: Loreto
Member Is Offline
Mood: Retired and Loving it
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Just got a post on Facebook from a friend in Loreto that Magna is 12.90/L and Premium is 13.32. That is about $3.72 USD per gal. for Regular. It's
cheaper here in So. Cal.
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805gregg
Super Nomad
Posts: 1344
Registered: 5-21-2006
Location: Ojai, Ca
Member Is Offline
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My friend in an undisclosed location on the Pacific said it was over $5.00 a gallon, cheaper here, he was peeed
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Justbozo
Nomad
Posts: 139
Registered: 11-20-2012
Location: Lake Michigan/Bahia Concepcion
Member Is Offline
Mood: Got my little stone hut on the bay
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Bought magna today in Santa Rosalia for 12.82 ltr.
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David K
Honored Nomad
Posts: 65100
Registered: 8-30-2002
Location: San Diego County
Member Is Offline
Mood: Have Baja Fever
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Did you see that Baja Cactus has returned to posting the monthly fuel prices? HERE: http://forums.bajanomad.com/viewthread.php?tid=71386
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aguachico
Senior Nomad
Posts: 602
Registered: 3-23-2007
Location: tijuana
Member Is Offline
Mood: logic cannot get thru to the illogical
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Diesel 1/1/14 @12.7. Remember when San Diego diesel was $5 a gallon 5 years ago? Diesel in TJ was 5.76 pesos per litro. Then diesel was scarce in
Baja. Then started it's upward climb.
The price of fuel has directly impacted my travel to Baja.
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Mula
Super Nomad
Posts: 1656
Registered: 8-16-2011
Location: San Nicolas y Lopez Mateos
Member Is Offline
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The price of fuel in Baja is impacting our wheels too.
We are headed NOB to buy a Rav4 or CR-V or something similar instead of using these full size pickups that chug fuel.
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline
Mood: Weary
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Really affects us fishermen too..I use very little fuel in my truck, dont go anywhere, but burn a lot in the boat...How are the pangueros gonna handle
it?
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Hook
Elite Nomad
Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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Have you seen the new signs on the pumps at Pemex stations?
Basically, they are trying to assure Mexicans that this newly passed law allowing for foreign investment into Pemex is not a takeover of Pemex. It
also goes on to say that it should result in lower prices for gasoline and electricity.
Very well could, I suppose.
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
Member Is Offline
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Wow, regular gas in La Paz is now the same price as it is in Orange County, California! That sucks.
Don't know for sure, but I don't readily see how foreign investment in the Mexican oil producing industry is going to help the local price of
gasoline. The price of a barrel of oil is determined by the world price of oil. Don't see how foreign investment is going change that in a way that
results in the lowering of the price of a gallon of gas in Baja.
Prices for things tend to gravitate toward what the market will bare, ultimately. Sometimes the sellers actually don't know just how much money they
can charge for things. When the oil thing happened in the 70s and prices shot up, it filled out the learning curve of the sellers and they then
discovered just how much they could charge and what it does to their bottom line. Then, very shortly thereafter, it happened to coffee and sugar. I
think we all know that coffee prices never really did come back down.
I don't believe for one second that the cost of drilling for oil, the cost of farming for coffee and sugar escalated at nearly the same rate that
those price hikes did. It's time for us all to realize that the price of things are determined by what the market will bare and not by what it costs
to produce the item.
In a free society and a free market, price gouging is perfectly legal, in fact, desirable. Price gouging is allowed by definition in a free market.
Sometimes the market price is close to cost to produce, and sometimes it isn't.
Economics 101
[Edited on 1-5-2014 by MitchMan]
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