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A Pain In The Gas


Looking for cheap gas? Try Mexico.

With the U.S. national average for the price of gasoline hitting the all-time high of $4.086, filling up south of the border can actually make sense. The price of oil has risen 46% this year, creating huge profits for industry giants like Exxon Mobil (XOM), Chevron (CVX), and ConocoPhillips (COP). But with the help of some cost conscious Californians, Mexican gas stations might be next in line to benefit from the high prices.

In Tijuana, for example, gas is selling for about $2.60 a gallon. Prices are low because the Mexican government caps the retail price of gasoline to help curb inflation.

Naturally, driving all the way to Mexico doesn't always make sense. Lines to reenter the United States can be long, and the money saved from buying Mexican gas can be squandered as quickly as it was made. But for those living a stone's throw away from the border, it's a no-brainer.

However, if Mexico is too far a trek, there are alternatives. Like Missouri. According to AAA, the "Show-Me State" has the lowest gas prices in the country, with the average price of a gallon $3.862. Plus, no lines to reenter the country.

Join Hoofy and Boo as they take a closer look at the price of gasoline South of the Border.

No positions in stocks mentioned.

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