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Jesus Berumen, PA Mexico energy expert, is quoted in leading newspaper Reforma. The article discusses gas pricing in Mexico and how it fluctuates based on the season.
Jesus Berumen said: “During holiday periods, the demand for gasoline rises up to 30 percent, meaning that consumption goes from 750 thousand barrels of gas daily to 1 million barrels per day during both summer and December holiday periods.”
Jesus added: “Holiday periods in Mexico are long, which makes the demand for fuel increase, but since neither the supply nor the capacity increases, which causes the demand curve to move, and ultimately causes the prices to rise.”