![Gasoline Prices Soar South of the US-Mexico Border](/sites/default/files/styles/hart_news_article_image_640/public/image/2023/08/gasoline-prices-soar-south-us-mexico-border.jpg?itok=YbdUlg5i)
Drivers in Mexico are paying a hefty 125% premium for gasoline and an average 122% more for diesel compared to their U.S. counterparts, according to Hart Energy analysis. (Source: Shutterstock.com)
MEXICO CITY, Mexico—Some things are cheaper in Mexico compared to the U.S. but gasoline and diesel are clearly the exception.
Mexican drivers are paying an average premium of about 125% for regular and premium gasoline and an average premium of 122% for diesel compared to their American counterparts.
![Chart Talk US v Mexico Petrol Price](/sites/default/files/inline-images/chartalk%20us%20v%20mex%20petrol%20price.jpg)
Mexican prices are steeper for a couple of reasons: higher import and logistic costs related to a deficit of domestically-produced gasoline as well as illicit fuel trade, according to state-owned Petróleos Mexicanos (Pemex).
RELATED: Mexican Drivers Pay More for Gasoline than Americans
Mexico’s average price of regular gas runs $5.02/gallon and for premium $5.48/gallon, according to data released Aug. 21 by Mexico’s consumer protection agency PROFECO. The average diesel price was $5.32/gallon.
Mexican states with the highest regular gasoline prices include Nuevo León ($5.67/gallon), Durango, Baja California Sur and Guerrero, according to PROFECO.
RELATED: Mexico Embracing E-mobility, but Headwinds Persist
In the U.S., the average price of a gallon of regular was $3.85 and for premium $4.61/gallon as of Aug. 22, according to the American Automobile Association Inc., or AAA, a federation of affiliated automobile clubs. The average U.S. diesel price was $4.35/gallon.
The U.S. states with the highest regular gasoline price are California ($5.26/gallon), Washington, Hawaii, Oregon and Alaska, according to AAA. That compares to an average price of $3.47/gallon in Texas and $3.41/gallon in Louisiana, where a number of U.S. refineries are located.
Recommended Reading
FourPhase Secures Three New Contracts in UK and UK Continental Shelf
2024-08-22 - The contracts include coiled tubing and de-sanding services for operators in the U.K. Continental Shelf.
Hess Seeks Partnership for Suriname Block 59
2024-08-22 - Hess Corp. is seeking a new partner or partners to join in Suriname’s offshore Block 59 after Exxon Mobil and Equinor each gave up their one-third interests last month.
How Liberty Rolls: Making Electricity, Using NatGas to Fuel the Oilfield
2024-08-22 - Liberty Energy CEO Chris Wright said the company is investing in keeping its frac fleet steady as most competitors weather a downturn in oil and gas activity.
OPEC Gets Updated Plans From Iraq, Kazakhstan on Overproduction Compensation
2024-08-22 - OPEC and other producers including Russia, known as OPEC+, have implemented a series of output cuts since late 2022 to support the market.
How Chevron’s Anchor Took on the ‘Elephant’ in the GoM’s Deepwater
2024-08-22 - First oil at Chevron's deepwater Anchor project is a major technological milestone in a wider industry effort to tap giant, ultra-high-pressure, high-temperature reservoirs in the Gulf of Mexico.