Mexico's cheap gas

 Washington Examiner Editorial:

...

On average, gas is over $1 a gallon cheaper in Mexico ($3.12) than it is in the U.S. ($4.60). The gap is even larger between Mexico and Democrat-controlled states such as California ($5.99).

“We have decided that it was necessary for us to allow Americans who live close to the border to go and get their gasoline on the Mexican side at lower prices,” Lopez Obrador told Biden. “And right now, a lot of drivers, a lot of Americans are going to Mexico to get their gasoline.”

Mexico’s oil industry is far from perfect. It was nationalized into one government-run company, Pemex, in 1938. Like any government-run company, it has been riddled with corruption and mismanagement ever since.

But what Mexico understands, and Biden and the Democratic Party do not, is that you have to invest in oil and gas infrastructure if you want to improve refinery capacity and bring down the cost of gasoline.

The U.S. hasn’t built a new refinery since 1976. Mexico, on the other hand, not only just bought a refinery in Houston for $596 million, but it is also building a brand new one in the Mexican state of Tabasco for $8 billion. Another $3 billion is slated to modernize six other Mexican refineries.

Meanwhile, here in the U.S., environmental regulations make it impossible to invest in refinery modernization.

Instead of adding refinery capacity every year, Biden’s America is taking refinery capacity offline. This means that as long as the Democrats are in power, the gap between the cost of gas in Mexico and the U.S. will only grow.

...

Biden is deliberately driving up the price of gas to push his ridiculous Big Green agenda.   He is deliberately lowering the US standard of living to pander to environmental wackos.

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