Argentina's Fuel Shortage: Drivers Desperate for Gasoline Amid Election Tensions

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Source: Reuters Canada
Argentina's Fuel Shortage: Drivers Desperate for Gasoline Amid Election Tensions
Photo: Reuters Canada
TL;DR Summary

Argentina is experiencing a severe fuel shortage, with long lines and empty filling stations, due to domestic refining problems and a lack of dollars for imports. The shortage has caused frustration among drivers and raised concerns ahead of the upcoming presidential election runoff. While there are some signs of improvement, such as limited supplies of certain fuel types, the situation remains challenging. The government has set a low local oil price to combat inflation, but this has affected the economics for firms importing fuel. Oil companies have presented a plan to boost supplies, and the government has threatened to halt crude oil exports if the crisis is not resolved.

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