Coronavirus And Oil Crisis Hit Gas Prices — But The Mexican President Calls It His Victory
MEXICO CITY — The coronavirus pandemic and a steep drop in oil prices have been affecting economies worldwide. Mexico is no exception, but its president keeps telling citizens to live life as usual.
The fall of oil prices and a drop-off in demand are hitting the markets hard, but making gas cheaper in many parts of the world.
President Andrés Manuel López Obrador says it's part of his strategy.
"I decided to make the gas prices go down to help Mexican families," López Obrador said.
Mexico imports most of its gas from the U.S., and the Mexican president wants Mexico to produce its own.
López Obrador has been criticized for his loose strategies to combat the COVID-19 outbreak, including the lack of an economic program.
The president keeps touring around the country, hugging and kissing followers, asking people to not stay at home.