Gasoline prices in the U.S. have hit yet another record: In San Diego it's $4.61 a gallon now.
It's so out of control now that motorists in southern California find that they're saving money by traveling across the border to Mexico to buy gas - even with all the idling at border checkpoints. Gas in Tijuana averages only $2.54 a gallon, or far less if you pay in pesos.
Weird how the price of gas can be cut almost in half just by crossing the border.
The fact that so many U.S. citizens now cross the border for fuel, health care, and medicine because it's cheaper shows you that maybe (just maybe) the U.S. needs to start regulating corporations? Anyone can see there's price gouging going on.
If international market forces set the gas price, then maybe it's time the good ol' U.S. and A. needs to take a serious look at what other countries have been doing for decades: nationalizing the oil industry. At least then we can make sure the profits go back to the people instead of to some corporation that spends this money on fancy desks and VIP sports tickets for CEO's. Since Exxon merged with Mobil and Amoco merged with BP (which had already merged with Sohio), there's already almost total concentration in the oil industry. How can an unregulated corporate monopoly be any more desirable than a regulated public monopoly?
If the U.S. oil business claims it can't do anything about gas prices, they're lying. Otherwise gas wouldn't be so much cheaper in Mexico.
(Source: http://www.nbcsandiego.com/automotive/16612631/detail.html)
Monday, June 16, 2008
Gas far cheaper in Mexico
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Tim, I'm sure I don't need to remind you that Mexico is one of the top suppliers of both crude oil and gasoline to the United States. The most money's being made where the oil is being taken out of the ground (60% of the cost of gasoline). Look at all the skyscrapers and resorts going up on the Arabian peninsula. The oil companies are making record profits, but their profit margins (average 9.7%) have stayed the same.
ReplyDeleteBut I should think you would be all in favor of expensive gasoline because it encourages conservation. That would help slow man-made global warming, right?
ScheffBoyarDee, I'm sure I don't need to remind you that the oil producing states of TX, AK, OK, and LA are part of the United States.
ReplyDeleteIf only I lived closer to the border. I'd fuel up my water truck and take that baby across the border.
ReplyDeleteIf they can come here for our jobs, then we can go there for their gas. It only seems fair to me.