“I don’t mind paying [gasoline] taxes, but where are the services?” Rosales said, pointing to potholes on the street. “[Politicians] always prefer pocketing the money instead of spending it as they should.”
At some point, citizens will exchange complaints for action. This will likely come as the global economy weakness extends outward from Europe in 2017.
Headline: Mexicans are outraged over a big hike in gas prices on Jan. 1
MEXICO CITY — Mexican motorists awoke to a shock as gasoline prices at the pump shot up by more than 20 percent in some corners of the country on the first day of the year, sparking panic buying, street protests and even a call by one prominent lawmaker for a “peaceful revolution.”
“If the price of gasoline goes up, we’re going to pay more [for] everything else,” said Iván Rosales, an employee at a trucking company who protested the price hike Sunday at the iconic Ángel de la Independencia monument in Mexico City.
Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.