eastern lake ontario : 82 cents/canadian/liter - still coming down.
noticed that shares of oil and gas exploration companies had been coming down the last two weeks, but noticed a price/share increase today - apparently, the forecast calls for colder weather and up goes the shareprice ! hbg
I paid $2.25 today for premium. Still 10-cents more than it was two days ago.
I've watched these rapid price f-ucktuations in gasoline prices since they began in California a few years ago. Welcome to my world. They don't make any sense, and seem to be driven by speculation. Get rid of the short term fuel speculation market and I think you'd see prices stabilize, and slowly drop.
For example, two years ago in CA, the price of regular was about $2. By Christmas, it had dropped to about $1.29, then headed right back up for no apparent reason.
i think if gasoline prices were regulated they would probably go in one direction only " UP " .
locally the price went as high as CAN $ 1.30/liter; it is now down to 81 cents. it seems to me that competition is bringing the price down again.
i do remember we paid CAN 28 cents an IMPERIAL gallon in the 1960's - unfortunately my income was also slightly lower.
we moved into our house on december 1, 1963 and paid CAN 19 cents " less 1 cent company discount" per imp. gallon for heating oil ! (the 1 cent discount applied because the company i worked for also bought the fuel oil from the same supplier - boy oh boy, were we ever happy !). hbg
A penny can make a difference... but so can premium.
I paid $2.499 last night for low-grade unleaded at the local station. I'm sure I could have found it a little cheaper if I'd looked. My old Volvo runs fine on that gas but it has been getting less than 20mpg which is not so fine.
The prices for the next two grades were ten cents and twenty cents higher which includes state taxes of 31 cents per gallon for a total tax of 49.4 cents. CNN fuel tax comparison chart by state
Washington voters voted against an initiative on Tuesday to repeal the legislature's gas tax increase. With our vote we've encouraged our state to continue phasing in 6.5 cents more tax per gallon by 2008.
