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San Diegans are buying big fuel tanks and loading up on cheaper Mexican gas, reports the Wall Street Journal on its front page today (June 24). Americans are getting gas in Tijuana for $2.50 a gallon -- a bargain as prices approach $5 in San Diego. James Blue's Santee auto shop has installed a dozen large-size gas tanks this month, more than he sold all of last year. Some people plan to use the low-price gas for trips to Las Vegas. Some are making several trips a week to Tijuana, and selling gas to neighbors -- something similar to arbitrage. Some cross the border at Tecate, where the wait is shorter. Mexicans aren't happy: normally, they keep gas prices right around prices on the U.S. side. But this has hurt the poor in today's gasoline price escalation, so the price has been kept down. Mexicans aren't happy with long lines at border filling stations, and Americans taking advantage of Mexican government subsidies. Over the past week, there was a diesel shortage on the Mexican side, reports the Journal.
San Diegans are buying big fuel tanks and loading up on cheaper Mexican gas, reports the Wall Street Journal on its front page today (June 24). Americans are getting gas in Tijuana for $2.50 a gallon -- a bargain as prices approach $5 in San Diego. James Blue's Santee auto shop has installed a dozen large-size gas tanks this month, more than he sold all of last year. Some people plan to use the low-price gas for trips to Las Vegas. Some are making several trips a week to Tijuana, and selling gas to neighbors -- something similar to arbitrage. Some cross the border at Tecate, where the wait is shorter. Mexicans aren't happy: normally, they keep gas prices right around prices on the U.S. side. But this has hurt the poor in today's gasoline price escalation, so the price has been kept down. Mexicans aren't happy with long lines at border filling stations, and Americans taking advantage of Mexican government subsidies. Over the past week, there was a diesel shortage on the Mexican side, reports the Journal.