Border invasion: Americans flock to Mexico to fill ‘er up
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Opinion L.A. highlights a story this morning that reports that U.S citizens are heading over the border to fill up on cheap Mexican gas.
Now that a gallon of regular unleaded in Southern California averages a mind-boggling $4.61 cents a gallon, the San Diego Union Tribune says Gringos are crossing the border in droves, filling up in Tijuana, where gas is about $2.54.
Mexicans (at least the relatively limited number who can afford cars and gasoline at all) spend far less at the pump than their neighbors to the north. That’s because Mexico maintains heavily subsidized gas prices through its national oil monopoly, Pemex.
As the Times has reported, however, Pemex is experiencing problems of its own; its oil reserves are running out fast, and the country lacks the technical know-how to do risky and expensive deep-water drilling.
-- Deborah Bonello in Mexico City