Last night after dinner, our favorite restaurant owner and I were talking about the price of fuel and its effects on his industry. He mentioned that he did not understand why gasoline was so much cheaper in Mexico, stating that it was only $2.50 per gallon. I thought maybe he was just misinformed, because I thought the fuel economy was a global thing….well except for oil rich nations that shall remain unnamed. After searching a bit, I see current fuel prices somewhere around $3.50 a gallon. (I am quoting USD here, so we can get past the math.) Several sources mentioned that fuel was about a dollar less a gallon in Mexico than here in the United States. After reading around, I discover that their fuel is government subsidized/controlled. Hmmmmm.
In my search, I also found an interesting blog written by a trucker in Mexico, who has written an article, Go South for Cheap Gas?
July 3rd, 2008 - 4:09 pm
Looks like it may get cheaper for Californians to use gas to cross the border to fill up.
It’s already over $4.50 here.
July 5th, 2008 - 10:31 pm
One more reason that so many Americans choose to retire to Mexico - Their retirement dollars go so much farther there! According to the Mexico Expat Forum, “With the American Expat community in Mexico reported to be well over one million it is the largest population of Americans living abroad.”
I think a small seaside village in Mexico when you had enough $$ would be wonderful!