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PetrÃ³leos Mexicanos has entered the United Statesâ gas station market with the opening of 5 stations in the city of Houston, Texas. These Pemex gas stations are owned by private investors (franchisees), who will determine the fuelÂ´s selling prices according to HoustonÂ´s market conditions.
For nearly eight decades, Pemex was the only place motorists in Mexico could buy gas. Ulysses S. Romero/San Antonio Express News. MEXICO CITY (AP) â Mexicoâs ubiquitous Pemex gas stations now have competition along the countryâs highways and city streets for the first time in nearly eight decades. Two companies have collectively opened three gas stations under their own brands, breaking one of the state-owned petroleum companyâs last monopolies.