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.
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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.
The country’s oil companies, meanwhile, blamed the shortfall on a serious of unrelated events in recent days, but sought to head off any continued hoarding or panic buying by reassuring the public that their capacity to produce was “robust.”
There was an uptick in demand even before the country’s first round of the presidential election on Oct. 22, when Massa received 37% of the vote, but not enough to avoid a Nov. 19 runoff against Milei, who won 30%.
Argentines are enduring an annual inflation rate of almost 140% and the prospect of additional uncertainty and price rises as a result of the election prompted many residents to rush to stock up on goods ahead of the first round of the vote.
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.
“Shortages and inflation are the direct consequences of the model defended by this government of criminals, with Minister Massa at the helm,” Milei wrote on social media.
If Argentina votes in the anarcho-capitalist guy who gets policy advice from his dogs (technically one dog that’s been cloned several times) then this will really take the cake for darkest timeline.
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🤖 I’m a bot that provides automatic summaries for articles:
Click here to see the summary
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.
The country’s oil companies, meanwhile, blamed the shortfall on a serious of unrelated events in recent days, but sought to head off any continued hoarding or panic buying by reassuring the public that their capacity to produce was “robust.”
There was an uptick in demand even before the country’s first round of the presidential election on Oct. 22, when Massa received 37% of the vote, but not enough to avoid a Nov. 19 runoff against Milei, who won 30%.
Argentines are enduring an annual inflation rate of almost 140% and the prospect of additional uncertainty and price rises as a result of the election prompted many residents to rush to stock up on goods ahead of the first round of the vote.
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.
“Shortages and inflation are the direct consequences of the model defended by this government of criminals, with Minister Massa at the helm,” Milei wrote on social media.
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If Argentina votes in the anarcho-capitalist guy who gets policy advice from his dogs (technically one dog that’s been cloned several times) then this will really take the cake for darkest timeline.