Senators oppose gas increase in 2015

By Víctor Mayén

National Action Party (PAN) senators led by former Treasury and Public Finance Secretary Ernesto Cordero Arroyo, called on President Enrique Peña Nieto to cancel the 3 percent increase in the price of gas programed for January of the coming year because of the severe economic impact on families.
The increase in fuel prices will push inflation, increase the cost of goods and services and limit the development of all economic activity in the country, said the lawmakers. The PAN legislators also called on the Treasury and Public Finance Secretariat to implement permanent mechanisms for the revision and fluctuation of international combustible prices.
Legislation should allow the government to determine a monthly fixed rate of gasoline prices, they said.
In the last quarter of 2014, the price per barrel of Brent oil fell from $102 to $70.5 and continues to fall, while a barrel of West Texas oil fell from $90 to $66, said the PAN senators.
The price of gas in the United States has fallen congruently with the price per barrel of oil, which has not happened in Mexico, said the senators.
Legal conditions exist that allow the government to adjust the price of combustibles according to the international market.
The federal government would be wrong to not only fail to lower the price of gasoline but to also raise the price, they said.
If the trend continues for the next year, gasoline in Mexico will be at least 50 percent more expensive in Mexico than in the United States, creating negative effects on the inflation rate and transportation cost, said the lawmakers.
Original: The News

2 comments

  1. Considering that a barrel of oil some decades ago was as low as $3 U.S., and today as low as $50 a barrel, you would think that the price of gasoline in Mexico would be similar to the U.S. where it has gone down from around $4 per gallon to as low as just under $2 per gallon, depending on location.

    The difference from the U.S. and Mexico is that in the U.S. the oil companies are privately owned competitive corporations, and in Mexico the oil company is owned by the government. With the price of the peso going down relative to the U.S. dollar, the price of the gallon of gasoline is going down for American visitors.

    In America, they say that the low cost of a barrel , which should stay low for some time, has made the purchase of an electric car much less desirable. Also that the Cheve-Volt has been determined to be the lest eco friendly of all the cars being manufactured.

    Personally , I would not want to ride in an electric car because of the electric motor EMF that is experienced inside the metal car body, such as is the microwave field experienced when a cellphone is used in a car. In San Francisco I like to ride the gasoline and desial buses, or if electric , as far removed from the electric motors as possible.

  2. How do you tell when you are in an electric bus, streetcar or electric car where the highest levels of the EMF are, when you cannot see where the electric drive are locate . Try to listen to a small transistor radio while riding . As you get near the electric motors that drive the wheels, you will hear nothing but static. Move away from the motors, and you can hear the broadcast. The transistor radio when tuned between stations, acts like a milligauss (EMF) meter . Anything more that 14 milgauss are not allowed in the U.S. outside of the property fence of an utility electric substation for protection of the public.

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