But right now fuel in Mexico is about the equivalent of $1.50 more per gallon than in the US. How do we explain this high cost of fuel in Mexico? A
Some really dumb pundits have actually written that combistibles are SUBSIDIZED in Mexico.
Fuel sales is added to the general revenue then about 75% of that disappears into the giant maw of the Mexican government.
If anyone is foolish enough to believe that any revenue enhancement Mexican government agency is going to report ACCURATE facts, they need to adopt Alice in Wonderland as a travel guide. Banxico claims it has presently what (?) a hundred fifty billion US dollars in peso currency reserve.
21 December 1994 BanaMex claimed it had fifty billion U.S. dollars in currency reserve. Four hours later it vanished and the peso was devalued.
Refinaciones are in dangerously bad repair. The people in government who can grab money do so.
Yeah, I went to DF and I toured outside the patrolled parking lots of both Petroleos Mexicanos and gobernacion. What kind of cars do the elite drive? How many houses do they own in the USA and Europe. Raul Salinas de Gotari's 180 MILLION dollars deposited under false names in Swiss bank accounts was gained just as he claimed - Shrewd Investments.
There are two realities down here. One is carefully crafted for the gullible to read and believe.