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Retail oil monopoly faces competition. (Global Report on North America).(Petroleos Mexicanos...

Mexico -- Mexico's state-owned oil monopoly is facing an unusual situation in its border cities: it's having to compete for customers.

With regular gasoline selling for about $2.11 a gallon on the Mexican side, the tens of thousands of northern Mexicans who routinely cross the border virtually all buy their gas in the United States. Along the southern border, Mexicans have flocked to Belize to buy its lower-priced gas.

As local sales plummeted, Petroleos Mexicanos--known as Pemex--reluctantly bowed to the law of supply and demand, slashing prices in May to

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  • Lives on the Line.premium_logo
    • Lives on the Line Dispatches from the U.S.-Mexico Border by Miriam Davidson The University of Arizona Press US$17.95 IN MEXICAN NOVELIST CARLOS FUENTES' The Buried ......
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  • Retail Therapy Pays Dividends for U.S.-Mexico Border Stores
    • Cross-border shopping typically is omitted from the current dialogue about the U.S. border with Mexico. Maybe that´s because the people doing the talking aren´t communicating with retailers along the U.S.-Mexico border. Thar´s green in them thar border towns, according to two researchers from the University of Texas-Pan American. "Mexican visitors ......
  • Do You Vacation Abroad Frequently? Consider the Timeshare Option
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  • Looking To Buy Property in A Foreign Country? Do Your Homework
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    • The ruling allowing for travel without a passport between the U.S. and Canada, Mexico, and the Caribbean will be revoked this month.
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