Long lines have formed at gas stations throughout Argentina as surging demand outstrips supply, becoming a campaign issue just weeks ahead of the second round of the country’s presidential race
Long lines formed at gas stations throughout Argentina on Monday as surging demand outstripped supply, becoming a campaign issue just weeks ahead of the second round of the country’s presidential race. Economy Minister Sergio Massa, one of the two remaining presidential candidates, blamed oil companies for a lack of supply in the South American country and threatened to prohibit their exports if the situation failed to normalize immediately.
Lines gas stations began to form late last week and continued through the weekend. Massa accused oil companies of holding onto stock amid speculation there would be an increase in prices surrounding the election, and said he would move to shut down crude oil exports if the situation was not normalized by Tuesday night. The local price of gas at the pump is tightly controlled by the government and is lower than what companies can receive in the international market.
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