Looting and riots erupt in Mexico as gas prices spike 20 percent in one weekend as the government stops regulating oil prices
Gas prices were deregulated over the weekend by President Enrique Pena Nieto who said that regulation amounted to an unfair subsidy for the wealthy
Bus, taxi, and truck drivers have been hit the hardest
A gallon of gas can now cost almost a day’s pay for the average worker, or several days pay to fill a tank
80 stores have been looted and 170 were closed or blockaded in central Mexico
5 January 2017
Protests over a sharp gasoline price hike erupted into looting of gas stations and stores in various parts of Mexico on Wednesday, with dozens of businesses reportedly sacked.
Protesters also continued to block highways, burn tires and seize gas stations, snarling traffic and jeopardizing fuel supplies across the country.
The National Association of Self-Service and Department Stores of Mexico said in a statement that 79 stores had been looted and 170 were closed or blockaded in central Mexico, including the capital.