2008: Price per barrel of oil, $140. Price per litre of gas, $1.42.
2010: Price per barrel of oil, $91. Price per litre of gas, $1.15.
New extrapolated price if the price per barrel of oil goes back to $140,
gas price $1.77/litre, or $6.90 per American gallon!
rest of the world...
2008: Price per barrel of oil, $140
2010: Price per barrel of oil, $91
2008 (December) - price per litre - US$ 1,16
2010 (two weeks ago) - price per litre - US$ 1,60
Go figure... and that's the price for cheapest "regular" Super95 gas.
And this is happening all the time... global gas prices goes up and down...
and "local" gas prices goes only up... on the two week basis... every two
week the price is regulated... if it goes this week say, $0,01 down... we
can expect it will go at least $0,10 up... sometning like hydraulic car
jack... handle goes up and down, but the piston goes only up...
"Mike Torello D.E.A." wrote in
Yes, but Canada is the only oil exporter (and self-sufficient) country
that charges an arm and a leg for its oil to its own people.
I'm not suggesting a huge subsidy, but a scaling-back of what amounts to
60% of the price being taxes.