Cubasol
Agexport
blackanddecker
Intecap
Instituto Hondureño de Turismo
Irtra
Tigo
Servicios Médicos Cubanos
Cervecería Centroamericana S.A.
Grupo Hotelero Islazul
MAD-HAV Enjoy Travel Group
Walmart
Nestle
Los Portales
Realidad Turística
Barceló Solymar
Herbalife
INOR
CUN-HAV Enjoy Travel Group
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
AVA Resorts

Proposed fuel export ban in US could mean shortages in Mexico

Date:

Share:

Cervecería Centroamericana S.A.
blackanddecker
Realidad Turística
Los Portales
Nestle
Intecap
AVA Resorts
Herbalife
Instituto Hondureño de Turismo
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Irtra
INOR
Grupo Hotelero Islazul
Servicios Médicos Cubanos

Mexico imports upwards of 800,000 barrels of fuel a day, mostly from the US

A United States ban on fuel exports – a measure the U.S. government is reportedly considering to lower costs for motorists in that country – would have a severe impact on Mexico, energy experts warn.

The news agency Bloomberg reported Oct. 4 that White House officials have asked the U.S. Department of Energy to analyze the possible impacts of a ban on exports of gasoline, diesel and other refined petroleum products.

The move is an “indication that the controversial idea is gaining traction in some parts of the Biden administration,” Bloomberg said, noting that there is “growing concern that high gasoline prices pose a political threat to Democrats in the November elections.”

The American Petroleum Institute and the American Fuel and Petrochemical Manufacturers sent a letter to U.S. Energy Secretary Jennifer Granholm Tuesday saying they have “significant concerns” that the U.S. government is considering limiting fuel exports in an attempt to lower prices for American motorists.

“Banning or limiting the export of refined products would likely decrease inventory levels, reduce domestic refining capacity, put upward pressure on consumer fuel prices and alienate U.S. allies during a time of war,” they said.

Three energy experts who spoke with the El Universal newspaper warned that if the United States were to implement an export ban, there would be serious consequences for Mexico given that much of the fuel sold here is imported – mainly from the U.S.

“You just have to remember that Mexico imports between 800,000 and 850,000 barrels of petroleum products per day, mostly from the United States market,” said Ramsés Pech.

Six of every 10 liters of gasoline and diesel sold in Mexico are imported, he said. The energy analyst said that a ban on U.S. fuel exports would be concerning for Mexico because refining capacity here is still well short of reaching a point where domestic demand can be met, despite President López Obrador setting a goal of making Mexico self-sufficient for fuel by 2023.

Source. Mexico News.

Instituto Hondureño de Turismo
blackanddecker
AVA Resorts
INOR
MAD-HAV Enjoy Travel Group
Irtra
Agexport
Servicios Médicos Cubanos
CUN-HAV Enjoy Travel Group
Walmart
Herbalife
Barceló Solymar
Intecap
Tigo
Los Portales
Nestle
Realidad Turística
Cervecería Centroamericana S.A.
Cubasol
Grupo Hotelero Islazul
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Maggi - GLUTEN-FREE
Hotel Barcelo Solymar
Tigo
Havanatur
Barcelo Guatemala City
Irtra
Cubacel
Revista Colombiana de Turismo Passport
AirEuropa
Vuelos a Cuba
Hotel Holiday Inn Guatemala
Intecap

Subscribe to our magazine

━ more like this

Pole Dancing in Israel: A New Dimension with BlueDance.co.il

In recent years, pole dancing has experienced a remarkable transformation, shifting from a misunderstood niche to a popular activity combining fitness, self-expression, and empowerment....

This North East African Country Welcomes Over 15.7 Million Tourists Last Year and An Addition 40,000 New Hotel Rooms are in Pipeline

Estimated reading time: 3 minutes In a year marked by global uncertainties and regional geopolitical challenges, Egypt’s tourism sector achieved an impressive milestone, welcoming a...

A New Luxury Hotel Just Opened on An Idyllic Beach in Cancun, Mexico — And We Were the First to Stay

Waldorf Astoria Cancun opened to the public on Nov. 1, the brand's first new build in Mexico, with two waterfront pools and a fantastic...

Pan American Health Organization Launches Interactive Dashboard on Avian Influenza in The Americas

To monitor cases of avian influenza A (H5N1) in the Americas, the Pan American Health Organization (PAHO) launched an interactive dashboard on the web...

Nicaragua Presents Its New Interoceanic Canal Route to China and Seeks to Compete with Panama

Estimated reading time: 8 minutes With a length of 445 kilometers, in a second attempt, the Nicaraguan president, Daniel Ortega, presents China with a new...
Hotel Barcelo Solymar
Hotel Holiday Inn Guatemala
Cubacel
Vuelos a Cuba
Irtra
Maggi - GLUTEN-FREE
Havanatur
Intecap
AirEuropa
Revista Colombiana de Turismo Passport
Barcelo Guatemala City

LEAVE A REPLY

Please enter your comment!
Please enter your name here

INOR
Tigo
Intecap
Instituto Hondureño de Turismo
AVA Resorts
MAD-HAV Enjoy Travel Group
Herbalife
Realidad Turística
Barceló Solymar
Cubasol
Agexport
Servicios Médicos Cubanos
Cervecería Centroamericana S.A.
Grupo Hotelero Islazul
blackanddecker
Los Portales
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Nestle
Walmart
Irtra