What is the source of the gas shortages in Mexico City?
- Gasoline shortages began to manifest themselves last weekend in areas such as the Pacific Coast state of Jalisco, the car manufacturing center of Guanajuato, and the Gulf state of Tamaulipas, among other locations. The shortages quickly expanded to adjacent states and the metropolitan area of Mexico City, which has a population of over 25 million people.
Is there gas in Mexico?
An Overview of the Gas Market Mexico’s known natural gas reserves are estimated to be 17 trillion cubic feet (Tcf), according to industry estimates. Natural gas is gradually taking the place of oil as a feedstock in the creation of electricity.
Is there a shortage of gas in Mexico?
Mexico’s state-owned oil corporation, Pemex, has asserted that there are no gasoline shortages in the country, although it acknowledges that there have been delivery issues. According to a press statement issued by the corporation, “we will not back down from our battle against gasoline theft, a crime that hurts the national economy and directly impacts the financial well-being of each and every Mexican.”
Why is there a fuel shortage in New Mexico?
Despite Pemex’s insistence that there are no shortages of gasoline in Mexico, the firm acknowledges that there have been delivery issues. According to a press statement issued by the corporation, “we will not back down from our battle against gasoline theft, a crime that hurts the national economy and directly impacts the finances of every Mexican.”
Does Mexico have 91 gas?
All of Mexico’s Pemex gas stations are either owned by the government or operated under license. It carries “Magna,” which has an 87 octane rating, “Premium,” which has a rating of 93 octane, and generally diesel. You will frequently see fuel being sold from the back of a truck in remote regions.
Why is gas so cheap in Mexico?
It is the Mexican government’s intentional policy to keep petrol prices along the Mexico-United States border low in order to preserve competitiveness with the United States. Magna gasoline costs 10.91 pesos per liter along the 20-kilometer stretch known as “La Franja,” while Premium gasoline costs 12.50 pesos per liter. 7
Why is gas expensive in Mexico?
What factors influence the cost of fuel in Mexico? For the purpose of meeting its domestic demand, the North American country is heavily reliant on imports of gasoline. From 2016 to 2018, gasoline imports by Pemex — Mexico’s state-owned oil company – have averaged more than 500 thousand barrels per day on an annualized basis.
Does New Mexico have gas?
A large amount of natural gas is found in the northwestern and southeastern regions of the state, making it one of the top ten natural gas producers in the country, and the state has significant natural gas resources.
Is New Mexico affected by the gas shortage?
N.M. Natural Gas Company (New Mexico Natural Gas Co.) Natural gas supply was disrupted for an estimated 32,000 individuals in communities such as Bernalillo, Placitas, Espanola, Taos, Questa, Red River, and sections of Albuquerque, Silver City, and Alamogordo due to shortages of the natural gas.
Are gas prices going up in NM?
ALBUQUERQUE, New Mexico — According to AAA, gas prices in New Mexico have reached their highest level in seven years. Currently, the average price per gallon is $3.24 per gallon. In his opinion, the increase in gas prices may be ascribed to a surge in crude oil prices, a scarcity of supply, and an increase in demand for gas.
Is gas free in Saudi Arabia?
Saudi Arabia is the seventh country on the list. The presence of the Saudis on this list is significantly less unexpected than the presence of the Venezuelans, who benefit from lower gas prices. Saudi Arabia, which is well-known around the world for its oil wealth, costs vehicles $2.12 per gallon of gasoline.
What is Mexico’s minimum wage?
Mexico’s general minimum wage (Salario Minimo) was raised to $172.87 pesos per work day on January 1, 2022, representing a 23 percent increase over the previous year’s level of $141.70 pesos. The tariff for 2022 along the ‘Northern Border Zone’ has been hiked to $260.34 pesos per work day, representing a 23 percent increase over the rate for 2021 of $213.39 pesos per work day.
Is Mexican gasoline safe?
Mexico and the United States Use Octane Ratings That Are Comparable Unleaded gasoline in Mexico is available in two octane ratings: 87 AKI and 92 AKI. As a result, choose the rating that is the most similar to the one you are used to using in the United States, and you should be safe.