Recently, Tijuana’s gas prices saw a rise of 50 Mexican cents per liter ($0.02 USD). The country’s increasing price for Magna and Premium type gasoline products, coupled with the growing disparity of Mexican peso and U.S. dollar exchange rate, are both signs and causes of the economic uncertainty that surrounds residents of the border region, who make their living in pesos, said the president of the Coordinating Business Council, Humberto Jaramillo.

April saw the price of gas falling 3 to 8 Mexican ents per week, but May’s second week had it rise back until hitting 13.04 pesos ($0.72 USD) per Magna liter and 13.95 pesos ($0.77 USD) per Premium liter. According to Alejandro Borja, president of the Tijuana Gas Stations Proprietors Association, no federal deputy has been able to intervene in these fluctuations.

Now the biggest fear for regional businessmen is the inflation that this economic uncertainty could cause; they hope the selling prices of gasoline can be controlled soon to avoid repercussions for the city and its ‘dollarized’ economy.

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ernestoeslava@sandiegored.com

Translated by axel.alcala@sandiegored.com