Avatar

Gas & Diesel Prices No Longer Controlled By Government

by Johnny Briefcase @, Monday, December 04, 2017, 08:40 (10 days ago)

International oil companies are now operating in Mexico and the price at the pump will now rise and fall in line with supply & demand. In theory this is good for the consumer; but often the companies' influence over supply can manipulate prices to their advantage. Time will tell if the consumer will be better served. ....JB

http://mexiconewsdaily.com/news/fuel-prices-now-freed-throughout-mexico/

Avatar

Gas & Diesel Prices No Longer Controlled By Government

by ZihuaRob ⌂ @, Zihuatanejo, México, Monday, December 04, 2017, 08:52 (10 days ago) @ Johnny Briefcase

International oil companies are now operating in Mexico and the price at the pump will now rise and fall in line with supply & demand. In theory this is good for the consumer; but often the companies' influence over supply can manipulate prices to their advantage. Time will tell if the consumer will be better served. ....JB

http://mexiconewsdaily.com/news/fuel-prices-now-freed-throughout-mexico/

Since there is no experience with competitive pricing for gasoline and since we still only have a Pemex monopoly I don't expect we'll see prices fall anytime soon. They'll keep pushing upward just like all other prices do, especially when there are less sales. Pricing based on supply and demand is more than just a foreign concept here in our region.

Gas & Diesel Prices No Longer Controlled By Government

by Quadra Paul @, Monday, December 04, 2017, 12:35 (10 days ago) @ ZihuaRob

You should try it in Canada, Rob! When the crude oil price goes up, the gas price changes immediately. When the oil price goes down, the change is either nonexistent or Verrry Slow! And the really amazing thing is that just about everybody's prices are the same! Collusion?

Avatar

Gas & Diesel Prices No Longer Controlled By Government

by ZihuaRob ⌂ @, Zihuatanejo, México, Monday, December 04, 2017, 13:20 (10 days ago) @ Quadra Paul

You should try it in Canada, Rob! When the crude oil price goes up, the gas price changes immediately. When the oil price goes down, the change is either nonexistent or Verrry Slow! And the really amazing thing is that just about everybody's prices are the same! Collusion?

It's why my wife and I have a very economical car that we hardly ever use. Let the prices keep going up until folks stop using most petroleum products.

Gas & Diesel Prices No Longer Controlled By Government

by Bill Fun, Monday, December 04, 2017, 14:22 (10 days ago) @ ZihuaRob

It is funny that gas price in the U.S. are down about $1.50 a gallon since 2014 when crude fell from $100 per barrel to $40. This must is a very inapt type of collusion.

Gas & Diesel Prices No Longer Controlled By Government

by Quadra Paul @, Monday, December 04, 2017, 19:03 (9 days ago) @ Bill Fun

When I talked about collusion, I meant all the gas outlets where I live in British Columbia. It's not a coincidence that prices are all the same, with a few exceptions.

Avatar

Gas & Diesel Prices No Longer Controlled By Government

by Curbarn, summer b.c. winter zihua, Tuesday, December 05, 2017, 08:56 (9 days ago) @ Quadra Paul

It ain’t the gas stations, it is the government and the taxes, by those governments,

Avatar

Gas & Diesel Prices No Longer Controlled By Government

by dhunsber @, ¡Dondequiera que voy, estoy aquí!, Thursday, December 07, 2017, 09:00 (7 days ago) @ Curbarn

It ain’t the gas stations, it is the government and the taxes, by those governments,

Not so much, at least in U.S. states, where state and local sales taxes, highway use taxes and the like are set at a fixed amount, either as a percent of the sale in the case of sales taxes, or per gallon in the case of the use taxes. In Michigan these rates are 6% sales tax and 19¢ per gallon (will rise to 26.3¢ in January) for gasoline. We've experienced price fluctuations of around 80¢ per gallon this year, only 6% of which (4.8¢) can be attributed to effects of taxes.

Avatar

Gas & Diesel Prices No Longer Controlled By Government

by Curbarn, summer b.c. winter zihua, Thursday, December 07, 2017, 11:26 (7 days ago) @ dhunsber

My comment was directed to Paul from Quadra, a Canadian. I’m guessing however that taxes are higher depending on which state you live. https://en.m.wikipedia.org/wiki/Fuel_taxes_in_the_United_States

Gas & Diesel Prices No Longer Controlled By Government

by Canada1 @, Wednesday, December 06, 2017, 21:46 (7 days ago) @ Quadra Paul

When I talked about collusion, I meant all the gas outlets where I live in British Columbia. It's not a coincidence that prices are all the same, with a few exceptions.

The same here in southern Alberta, never any competition on pricing, all the same except Costco.

Gas & Diesel Prices No Longer Controlled By Government

by Bill Fun, Thursday, December 07, 2017, 07:44 (7 days ago) @ Canada1

Some may argue just the opposite since with prices posted on every corner anyone who has a lower price gets all the business so the other have to lower theirs to stay competitive otherwise they would go out of business. I understand that most gas station make almost all of their money off snacks/smokes/etc.

Gas & Diesel Prices No Longer Controlled By Government

by Gringo Viejo @, Kansas/Zihuatanejo, Monday, December 04, 2017, 15:48 (10 days ago) @ ZihuaRob

And change their driving habits to vastly reduce gas usage. "Pedal to the metal" starts, then go like Hell and slam on the brakes to slow down or stop. Crazy.

Gas & Diesel Prices No Longer Controlled By Government

by wisconsinjuan, Monday, December 11, 2017, 20:47 (2 days ago) @ Johnny Briefcase

Yes, it is so much better when the government runs things. All the honest, hardworking civil servants and politicians built Pemex into an international powerhouse.

Avatar

Gas & Diesel Prices No Longer Controlled By Government

by ZihuaRob ⌂ @, Zihuatanejo, México, Monday, December 11, 2017, 21:17 (2 days ago) @ wisconsinjuan

Yes, it is so much better when the government runs things. All the honest, hardworking civil servants and politicians built Pemex into an international powerhouse.

Actually, the union of Pemex oil workers did. That's where much of the money went that didn't get reinvested, and López Portillo spent so recklessly it set the nation back decades and we found ourselves unable to refine our own petroleum. Nevertheless, the Odebrecht affair is just the tip of the iceberg that will cause some political heads to roll. Nowadays the huachicoleros are siphoning off much of the nation's petroleum wealth.

Government can run things just fine when proper planning and professionalism are applied and duty to country overrides partisanship. Transparency helps. The various military forces around the world show this is true. The U.S. government put a man on the moon in less than 10 years from JFK's historic speech. The U.S government helped beat back the fascists. Unfortunately now it appears to be trying to undo all the safeguards, checks and balances. Meanwhile Mexico's government kept our economy in good shape while the USA and much of Europe suffered the Great Recession. And it looks like we're going to to get to watch history repeat itself soon.