Article

2017-01-04 Caribbean-Latin America

Mexicans outraged as gasoline deregulation brings steep price hikes

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Posted by Pappy 2017-01-04 00:00|| || Front Page|| [6 views ] Top

#1 "We didn''t consider it good public policy to maintain an artificially low price for fuels,

Is it just me or does this sound like something DJT would say?

Posted by AlanC 2017-01-04 08:25|| 2017-01-04 08:25|| Front Page Top

#2 So what was the price per gallon of regular gasoline before and or after?

Posted by Seeking cure for ignorance 2017-01-04 10:18|| 2017-01-04 10:18|| Front Page Top

#3 Per the LA Times:

On Dec. 31, a gallon of standard-grade unleaded fuel cost roughly $2.60. On New Year’s Day, as a new policy took effect, it jumped more than 14% to about $2.95. The price of premium fuel rose by as much as 20%.

Basically, from 55.58 pesos to 63 pesos.

Posted by Pappy 2017-01-04 11:14|| 2017-01-04 11:14|| Front Page Top

#4 The price the oil company can get for its product has dropped, so they can't afford to subsidize domestic consumption like they used to.

Interestingly, according to AAA, today the retail gasoline price per gallon in Texas averages in the $2.12 - 2.20 range. A second reason for the Mexicans to be annoyed.

Posted by trailing wife 2017-01-04 11:54|| 2017-01-04 11:54|| Front Page Top

#5 Welcome to the real world.

Posted by DarthVader 2017-01-04 13:37|| 2017-01-04 13:37|| Front Page Top

#6 Thanks Pappy and TW!

Posted by Seeking cure for ignorance 2017-01-04 14:36|| 2017-01-04 14:36|| Front Page Top

#7 concerns are growing that shifting fuel prices will increase the cost of everything else

Does this mean drug street prices will go up because of transportation costs?

Posted by Skidmark 2017-01-04 14:59|| 2017-01-04 14:59|| Front Page Top

#8 And da bastids never take the Fuel Surcharge off, even if the price of gasoline drops.

Posted by swksvolFF 2017-01-04 17:13|| 2017-01-04 17:13|| Front Page Top

#9 You are very welcome, Seeking cure for ignorance. I've learnt so much here that I'm happy to give a little back when I find somthing useful.

Posted by trailing wife 2017-01-04 20:32|| 2017-01-04 20:32|| Front Page Top

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