blankletmusic Posted June 15, 2022 Report Share Posted June 15, 2022 It averages about $5/ gal. now in the US. How does it compare locally? Link to comment Share on other sites More sharing options...
John Shrall Posted June 15, 2022 Report Share Posted June 15, 2022 Mas o menos $23 pesos/liter. Do the math. Link to comment Share on other sites More sharing options...
dixonge Posted June 15, 2022 Report Share Posted June 15, 2022 $4.34/gal? Could be worse... Link to comment Share on other sites More sharing options...
John Shrall Posted June 15, 2022 Report Share Posted June 15, 2022 So much depends on the exchange rate. Within the last week the peso dropped over 100 basis points against the USD. I got lucky (for once) and wired money yesterday and got $20.50. The international rate dropped from about 20.70 to $20.25 after the Fed announced the rate hike this afternoon. Link to comment Share on other sites More sharing options...
adolphsj Posted June 16, 2022 Report Share Posted June 16, 2022 Very scientific: 2015 Honda CR-V with 1/8 tank gas left, cost 1025 pesos to fill, today 3pm west Ajijic Pemex. Link to comment Share on other sites More sharing options...
John Shrall Posted June 16, 2022 Report Share Posted June 16, 2022 My Honda Pilot crossed $1600 to fill. Ouch! Link to comment Share on other sites More sharing options...
nolajoe Posted June 16, 2022 Report Share Posted June 16, 2022 Mexico Is Subsidizing 35% of Fuel Costs Thanks to Oil Bonanza. https://finance.yahoo.com/news/mexico-subsidizing-35-fuel-costs-155108447.html Link to comment Share on other sites More sharing options...
mudgirl Posted June 16, 2022 Report Share Posted June 16, 2022 1 hour ago, adolphsj said: Very scientific: 2015 Honda CR-V with 1/8 tank gas left, cost 1025 pesos to fill, Nothing scientific about that at all, since you haven't stated how many litres your tank holds. 1 Link to comment Share on other sites More sharing options...
MtnMama Posted June 16, 2022 Report Share Posted June 16, 2022 Same as it was back in 2007/ 2008. Big oil pretending there was a shortage, making huge profits and price of gas going up. 1 1 Link to comment Share on other sites More sharing options...
tomgates Posted June 16, 2022 Report Share Posted June 16, 2022 I see you have been drinking Biden's coolaid. 3 1 3 Link to comment Share on other sites More sharing options...
bwhite1948 Posted June 16, 2022 Report Share Posted June 16, 2022 1 hour ago, tomgates said: I see you have been drinking Biden's coolaid. You haven't lived here in what, five years? Must be plenty of trumpettes in Greenville for you to chat with, no? Injecting US partisan politics is supposedly frowned upon on this board. @chapala @Mainecoons @moderator-2 @moderator5 5 1 Link to comment Share on other sites More sharing options...
ea93105 Posted June 16, 2022 Report Share Posted June 16, 2022 12 hours ago, John Shrall said: My Honda Pilot crossed $1600 to fill. Ouch! Sounds like you weren't getting "litros completos " ! 😆 Link to comment Share on other sites More sharing options...
John Shrall Posted June 16, 2022 Report Share Posted June 16, 2022 16 minutes ago, ea93105 said: Sounds like you weren't getting "litros completos " ! 😆 About 17 or 18 gallons which would about right when nearly empty. Link to comment Share on other sites More sharing options...
Mexicoafterlife Posted June 16, 2022 Report Share Posted June 16, 2022 1 hour ago, bwhite1948 said: You haven't lived here in what, five years? Must be plenty of trumpettes in Greenville for you to chat with, no? Injecting US partisan politics is supposedly frowned upon on this board. @chapala @Mainecoons @moderator-2 @moderator5 Why don't you talk to mtnmama about bringing in politics! She is reading a Democrat msm talking point word for word. Link to comment Share on other sites More sharing options...
Mexicoafterlife Posted June 16, 2022 Report Share Posted June 16, 2022 1 minute ago, Mexicoafterlife said: Why don't you talk to mtnmama about bringing in politics! She is reading a Democrat msm talking point word for word. Also oil companies lost billions during covid. And are you going after apple who made record profits last quarter? Since they use cheap Chinese labor and way over charge for their crappy quality phones? Nope just go after the ones your told to by your democrat masters. If no political talk that means no reading off a political parties talking points too. 1 Link to comment Share on other sites More sharing options...
AlanMexicali Posted June 16, 2022 Report Share Posted June 16, 2022 https://momentofinanciero.mx/subsidiar-la-importacion-de-gasolina-cuesta-al-gobierno-7-pesos-por-litro/ Google Translation: "Subsidizing gasoline costs the Mexican federal government 7 pesos per liter The price of importing gasoline from the US increases 121% and the federal government subsidy remains at 7 pesos per liter Posted by Diana Duran June 15, 2022 ECONOMY AND FINANCE Due to skyrocketing prices for gasoline in the US, the main supplier of that fuel to Mexico, the federal government subsidy is 7 pesos per liter. And it is that between January and the first fortnight of June 2022 the import price of our neighbor increased 121.4%" Link to comment Share on other sites More sharing options...
mudgirl Posted June 16, 2022 Report Share Posted June 16, 2022 3 hours ago, Mexicoafterlife said: Why don't you talk to mtnmama about bringing in politics! She is reading a Democrat msm talking point word for word. It isn't politics- it's world economics. Everything you don't agree with you label "Democrat", "leftie", "fascist", etc. 1 Link to comment Share on other sites More sharing options...
Mexicoafterlife Posted June 16, 2022 Report Share Posted June 16, 2022 4 minutes ago, mudgirl said: It isn't politics- it's world economics. Everything you don't agree with you label "Democrat", "leftie", "fascist", etc. How about you answer my next post where I explain how oil companies loat money during covid. And apple made record profits last quarter using next to slave labor in China! The oil refineries are running at 90% capacity. Which is max because things break and have to be repaired or maintained. And why would a company build new ones knowing the dems want all production stopped in 10 years or so? Why spend billions making new refineries to have them closed before they even break even? So again why is oil record profits bad but a company that builds mainly in China ok ie apple? Link to comment Share on other sites More sharing options...
AlanMexicali Posted June 16, 2022 Report Share Posted June 16, 2022 https://news.yahoo.com/u-sell-45-million-bbls-203210454.html "U.S. to sell up to 45 million bbls oil from reserve as part of historic release Tue, June 14, 2022, 3:32 PM·1 min read Summary FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve is seen in an aerial photograph over Freeport, Texas WASHINGTON (Reuters) - The U.S. Department of Energy on Tuesday said it was selling up to 45 million barrels of oil from the Strategic Petroleum Reserve as part of the Biden administration's previously announced, largest-ever release from the stockpile. Deliveries of crude from the SPR sale would take place from Aug. 16 through Sept. 30, the Energy Department said. The Biden administration said in late March it would release a record 1 million barrels of oil per day of oil for six months from the SPR, held in a series hollowed-out salt caverns on the coasts of Louisiana and Texas." Link to comment Share on other sites More sharing options...
Mexicoafterlife Posted June 16, 2022 Report Share Posted June 16, 2022 6 minutes ago, AlanMexicali said: https://news.yahoo.com/u-sell-45-million-bbls-203210454.html "U.S. to sell up to 45 million bbls oil from reserve as part of historic release Tue, June 14, 2022, 3:32 PM·1 min read Summary FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve is seen in an aerial photograph over Freeport, Texas WASHINGTON (Reuters) - The U.S. Department of Energy on Tuesday said it was selling up to 45 million barrels of oil from the Strategic Petroleum Reserve as part of the Biden administration's previously announced, largest-ever release from the stockpile. Deliveries of crude from the SPR sale would take place from Aug. 16 through Sept. 30, the Energy Department said. The Biden administration said in late March it would release a record 1 million barrels of oil per day of oil for six months from the SPR, held in a series hollowed-out salt caverns on the coasts of Louisiana and Texas." That is supposed to be reserved for war. Like China wants to start by attacking Taiwan. Or Russia if it starts to move on the old eastern block countries. 1 Link to comment Share on other sites More sharing options...
AlanMexicali Posted June 16, 2022 Report Share Posted June 16, 2022 59 minutes ago, Mexicoafterlife said: That is supposed to be reserved for war. Like China wants to start by attacking Taiwan. Or Russia if it starts to move on the old eastern block countries. https://www.nationalgeographic.com/environment/article/what-is-the-strategic-petroleum-reserve?cmpid=int_org=ngp::int_mc=website::int_src=ngp::int_cmp=amp::int_add=amp_readtherest What is the Strategic Petroleum Reserve? Prompted by a crippling oil embargo in the 1970s, the U.S. created the world’s largest oil reserve. But in a world shifting to renewables to combat climate change, its future is uncertain. BYAMY MCKEEVER PUBLISHED MARCH 16, 2022 7 MIN READ In late November 1973, the world was just beginning to feel the fallout from the Yom Kippur War, a conflict between Israel and its neighbors Egypt and Syria. To punish the United States and other western nations for supporting Israel during the war, the Organization of Arab Petroleum Exporting Countries (OPEC) cut off oil supplies—tripling the average price of imported crude oil. By November 25, the crisis had grown so dire that then-President Richard Nixon addressed the nation, asking citizens to lower their thermostats, refrain from driving on Sundays, and go easy on their Christmas light displays. In the years that followed, the U.S. pursued a policy of energy independence, to protect it from such crises in the future. One of the new policy’s initiatives was the creation of the Strategic Petroleum Reserve (SPR), a stockpile of crude oil that the country could tap during emergencies. With a present-day capacity of more than 727 million barrels of oil, the reserve allows the country to respond to shortages—and attempt to prevent them. Most recently, the U.S. said it would release 30 million barrels to energy companies after Russia, one of the world’s top oil producers, once again invaded Ukraine in late February 2022. Coordinated with other world powers, the release was intended to stabilize volatile oil markets and ultimately reduce gas prices that were skyrocketing amid fears of a shortfall. But many environmental advocates argue that relying on the Strategic Petroleum Reserve to manage shortages is only a stopgap measure. In light of the looming climate crisis, they argue, the U.S. should end its dependence on fossil fuels and pivot to green energy sources instead. How does the Strategic Petroleum Reserve work? The Strategic Petroleum Reserve was originally created for emergencies—to be used in the face of severe disruptions to the global oil supply. To date, the U.S. has only ordered three emergency releases from the reserve. In 1991, when war broke out in the Persian Gulf during Operation Desert Storm, the U.S. released 17.2 million barrels of oil. In 2005, when Hurricane Katrina devastated oil production along the Gulf Coast, 20.8 million barrels were released. And in 2011, the U.S. and IEA jointly released 60 million barrels of oil when the civil war in Libya disrupted oil supplies. But global emergencies are not the only time the U.S. taps into its oil reserves. The U.S. also periodically conducts sales to private companies from the Strategic Petroleum Reserve to test its readiness or raise revenue. And the country can also use the reserve to help private companies recover from smaller-scale disasters, such as extreme weather or shipping channel closures." I presume you must know of the war between Russia and the Ukraine. It can release oil if it needs to whenever the US federal government deems it necessary ( it appears Biden can use an executive order without US Lawmakers involvement ) according to reliable sources. What are your sources? 1 Link to comment Share on other sites More sharing options...
mudgirl Posted June 16, 2022 Report Share Posted June 16, 2022 1 hour ago, Mexicoafterlife said: How about you answer my next post where I explain how oil companies loat money during covid. How about you answer all the questions that are put to you on this forum which you pointedly ignore and deflect from whenever you have no rational answer? 1 1 Link to comment Share on other sites More sharing options...
Mexicoafterlife Posted June 16, 2022 Report Share Posted June 16, 2022 3 minutes ago, mudgirl said: How about you answer all the questions that are put to you on this forum which you pointedly ignore and deflect from whenever you have no rational answer? Nice deflection... while saying I deflect... you all are awesome comedy 1 Link to comment Share on other sites More sharing options...
elpind Posted June 16, 2022 Report Share Posted June 16, 2022 Planning a trip to Mexico in several months. Have there been any gas shortages that you may have heard of? tia. Link to comment Share on other sites More sharing options...
chapalence Posted June 16, 2022 Report Share Posted June 16, 2022 6 minutes ago, elpind said: Planning a trip to Mexico in several months. Have there been any gas shortages that you may have heard of? tia. None that has been reported. Link to comment Share on other sites More sharing options...
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