Value of Mexican peso drops vs U.S. dollar
In the past seven weeks, the value of the Mexican peso has plummeted from 9.8 pesos per U.S. dollar to 11.7 pesos per U.S. dollar. I believe this is a record, it had been as high as 11.4 in 2004 and then went down. And this is at a time when the dollar has been going down the tube versus most other world currencies.
So if you have some dollars saved up, this could be a great time to ride through Mexico. When I drove through Mexico in August, unleaded regular gas was $2.75 U.S./gallon. If the peso price has remained the same, that means the current price in dollars would be $2.30 U.S./gallon. Keep in mind also that Mexican Pemex is 100% gasoline, not 90-92% like in the U.S. Diesel is less expensive than regular gasoline. Premium gasoline, seven weeks ago, was $3.20 U.S./gallon, which also may be adjusted down now due to the lower value of the peso.