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Gasoline to go up 20.6% in January!  Rate Topic 
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 Posted: Mon Dec 12th, 2016 05:22 pm
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Richard Baca
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According to today's El Imparcial the price of gasoline will rise 20.6% in January! This is Mexico's way of collecting income tax since everything, including most electricity, moves or is run by fossil energy! SHeeeSH!! 

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 Posted: Mon Dec 12th, 2016 07:40 pm
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390pony
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What about diesel?

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 Posted: Mon Dec 12th, 2016 08:54 pm
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lasninas
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Wow, that is a massive increase!

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 Posted: Mon Dec 12th, 2016 11:09 pm
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odwyerpw
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bummer

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 Posted: Wed Dec 14th, 2016 02:29 am
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Bullshipper
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Richard Baca wrote: According to today's El Imparcial the price of gasoline will rise 20.6% in January! This is Mexico's way of collecting income tax since everything, including most electricity, moves or is run by fossil energy! SHeeeSH!! 

Do you have a link Richard? I searched google and Imparcial in Spanish and all I see are the past stories when it went up in June and August.

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 Posted: Wed Dec 14th, 2016 03:10 pm
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Wy Ynot
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style="background-color: rgb(255, 255, 255);"The attendant at Pemex also told me 20% yesterday, jokingly? Said the politicos need more money?? Ynot

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 Posted: Thu Dec 15th, 2016 01:00 pm
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Bullshipper
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Still no news I can find on the internet.

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 Posted: Thu Dec 15th, 2016 09:31 pm
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Hook
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Yeah, where's the link to the story? I can't find it, either.

My wife says she wrote down the cost of a liter of Magna when we arrived in early November and it was 13.47. We paid 13.98 yesterday. At Memo's station in both cases. That is already an increase of about 5% in about a month.

Very surprised that "de-regulation" of Pemex is leading to HIGHER gasoline prices, in a era of lower prices, worldwide.

Economics in Mexico are a head-scratcher, as ever.

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 Posted: Thu Dec 15th, 2016 09:53 pm
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marlin master
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This is a foto of one article. You will have to write down the link to get it.

Attached Image (viewed 165 times):

image.png

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 Posted: Thu Dec 15th, 2016 11:18 pm
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Bullshipper
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Thanks for the link.

I read the story in spanish and they are claiming the the average price in the states is $2.94-3.13 per gallon, or about 16 pesos per liter at 20:1, and this is the justification that they are giving. The also state that the profits from Pemex are 38% of the total tax that Mexico takes in, as Richard stated, as another justification.

But it says that they are still deciding prior to year end if it will go up by 20%, and if the increase will be all at once, or over the year, if I am understanding it right. My bet is that they are waiting for public reaction to see what will fly, and that's why is not being published widely.

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 Posted: Fri Dec 16th, 2016 04:36 am
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Richard Baca
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I am in Tucson at the moment and have seen regular gasoline prices from $1.93 9/10 to $2.05 9/10. QT's price is $1.95 9/10. Costco is $1.92 9/10.

Pemex is not deregulating. What they are doing is opening up deep water exploration and development to other companies with the technological expertise. Marketing and sales remain under Pemex control.

Last edited on Fri Dec 16th, 2016 04:44 am by

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 Posted: Fri Dec 16th, 2016 12:17 pm
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IronMan
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Gasoline in Nogales Rio Rico is at $1.89 12/15. They must ask The Left Coast how much their gas is?

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 Posted: Fri Dec 16th, 2016 04:27 pm
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Bullshipper
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Yes it sounded high to me too even with their higher IVA, even though California is usually about $0.80 higher than Tucson.

They might be anticipating that it will soon go higher world wide due to Opec's agreement to reduce output, even though USA drillers responded with 100K more barrels this month.

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 Posted: Fri Dec 16th, 2016 05:09 pm
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contez
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$ 2.13 in Sacramento (CA). Today price. Not bad at all!!!
U.

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 Posted: Fri Dec 16th, 2016 08:00 pm
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Jimmy
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It is my understanding that Mexico does not have much refining ability and they import a lot of their Gasoline from the US.---adding cost.

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 Posted: Fri Dec 16th, 2016 08:01 pm
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Hook
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Richard Baca wrote: I am in Tucson at the moment and have seen regular gasoline prices from $1.93 9/10 to $2.05 9/10. QT's price is $1.95 9/10. Costco is $1.92 9/10.

Pemex is not deregulating. What they are doing is opening up deep water exploration and development to other companies with the technological expertise. Marketing and sales remain under Pemex control.

Well, call it what you want, Richard, but Pemex will not be the only gas stations in Mexico. It's more than just allowing exploration by Pemex.

Here is an article from May in the WSJ.

http://www.wsj.com/articles/mexico-unleashes-gas-stations-from-pemex-1459469793

Since this article, I believe I have read that Phillips 66 is beginning to sign agreements with existing Pemex station franchise owners to supply them with fuel. I also believe I read that Exxon is also going to be doing it.

Last edited on Fri Dec 16th, 2016 08:02 pm by Hook

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 Posted: Sat Dec 17th, 2016 05:08 am
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Richard Baca
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The gasoline and diesel we consume in Northern Mexico is U.S. sourced and has been for years. Filling up at an Exxon branded station in Guaymas though? Don't hold your breath!

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 Posted: Sat Dec 17th, 2016 05:23 am
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Hook
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So what if it is US sourced? That's simply been a convenience because there are no refineries up here and the US trades crude for refined fuels. It makes sense.

Anyway, that's all under the Pemex banner.

But that's changing..........

Hey, maybe we will even get accurate measures of fuel at the foreign stations!!! That would take a bit of the sting out of any increase.

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 Posted: Sat Dec 17th, 2016 04:26 pm
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Bullshipper
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I believe that Pemex will still supply all gas to the american and Pemex stations in the future. They allow their own stations to make 4.5% on the fuel, after they pay shipping.

USA stations make a higher %, so this is why the individual gas station owners in Mexico bribe Weights and Measures officials to turn a blind eye to rigged pump controls. The problem here is with federal enforcement, not with Pemex.

So don't hold your breath on saving $$ while Pemex wholesale sales are controlled by the government, and the stations are controlled by private parties.

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