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Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

Mexico President offers Americans to go to Mexico for cheaper gas

  • By Al Mayadeen English
  • Source: Agencies
  • 12 Jul 2022 20:38
  • 6 Shares
3 Min Read

Mexico is offering the citizens of the United States to cross the border for cheaper gas in light of the rampant inflation the US is facing.

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  • Mexican President Andres Manuel Lopez Obrador during a news conference at the National Palace in Mexico City, Mexico, June 20, 2022 (Reutrers)
    Mexican President Andres Manuel Lopez Obrador during a news conference at the National Palace in Mexico City, Mexico, June 20, 2022 (Reuters)

Americans who live close to the US-Mexico border can come into Mexico and purchase gasoline at lower prices than they are sold in the United States, Mexican President Andres Manuel Lopez Obrador said Tuesday.

"Since the energy crisis started, Mexico has used 72 percent of its crude oil exports to the United States," Obrador said.

"While we're waiting for prices or gasoline to go down in the United States, 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," Obrador added.

The Mexican president's words came ahead of his bilateral meeting with US President Joe Biden at the White House.

The United States has been undergoing rampant inflation for months now.

Over the past months, the United States has been experiencing accelerating inflation, which the Biden administration has dubbed "Putin's price hike" and blamed on many additional factors. 

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On June 30, the US government released data that showed price increases that had held steady in the past 12 months ended in May, while the rise in consumer spending slowed sharply.

This, according to some, may comfort consumers as a sign that the Federal Reserve's aggressive interest rate plans are beginning to have an effect in limiting the fastest uptick in inflation seen in more than four decades.

Compared to May 2021, the Personal Consumption Expenditures (PCE) price index rose 6.3%, the same pace as in the prior month, despite it rising 0.6% compared to April, according to the Commerce Department.

This monthly increase, which was faster than in the preceding month, was still below economist projections. As for US multinationals, the quick rise in the value of the US dollar since the beginning of the year is a double-edged sword, forcing them to determine whether to hedge or move their operations abroad to prevent damage.

The obstacles faced by the US economy this year range from renewed Covid-19 lockdowns in China, rising food and energy prices, the central bank combating high inflation by increasing borrowing costs, and the decisive factor being the war in Ukraine.

Economists at Barclays envisioned a 2.2% growth for the US economy this year, followed by a 1.1% growth in 2023.

US President Biden has been blaming his domestic inflation on Russia at a time when it has been pushing for West-led sanctions on Russian oil, which is sinking the world into further crises. 

  • United States
  • Russia
  • inflation
  • Mexico
  • China
  • Gas prices

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