MEXICOWANDERER
Sep 15, 2017Explorer
Possible Fuel Price WHACK In November...?
PEMEX is deep in talks with the Secretaria de Gobernacion about raising the cost of gasoline and diesel to 40 or 41 pesos per liter 1 November.
This goes against rumors of "easing" of fuel prices. No one wants to see $4.30+ gasoline and diesel (plus pump "error") down here. But don't be surprised if it becomes reality.
My sarcastic nature forces the idea on me if the price jumps it's because the current administration has just so much time to "prepare" being ousted next near with presidential election.
In any event, a shock like this will fuel a substantial inflation spike (dollar wise too) across the board. If I was intent on bringing down a motorhome I would be planning to set aside more money for travel and living costs.
****! I hope this turns out to be a false alarm. IMHO it would be a suicide move by the PRI political party.
This goes against rumors of "easing" of fuel prices. No one wants to see $4.30+ gasoline and diesel (plus pump "error") down here. But don't be surprised if it becomes reality.
My sarcastic nature forces the idea on me if the price jumps it's because the current administration has just so much time to "prepare" being ousted next near with presidential election.
In any event, a shock like this will fuel a substantial inflation spike (dollar wise too) across the board. If I was intent on bringing down a motorhome I would be planning to set aside more money for travel and living costs.
****! I hope this turns out to be a false alarm. IMHO it would be a suicide move by the PRI political party.