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Gas Prices


NJHalo

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The drop in oil prices is killing the economy in Mexico. As of today, a peso is worth about five cents. When I was in Mexico about nine years ago, it was worth twice that (roughly 9-10 pesos to the dollar). Oil is about ten percent of Mexico's exports.

Edited by Vegas Halo Fan
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Actually, based on the old rate of oil/gas, the rest of the country is getting screwed a little too, just not like California is.

Oil at $30 in the past = around $1.25/gallon gas.

 

How long ago in the past AO?  Do you think the price to produce gasoline/diesel (transportation, labor, taxes) have stayed stagnant?  

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