1st September 2006

No such thing as a good price

posted in economy |

One of the markers that we have for our economy is the gas price. Here in Canada, we quote it in cents per litre, so imagine the collective shock just over a year ago when things jumped past the psychological barrier of 100 cents per. The displays outside of most stations had never been designed for this, so we saw odd workarounds while digging deeper into our pockets.

This year, the hurricane season hasn’t really started, and the petroleum industry has been shamed into gradually lowering prices. Let’s not even get into the regional disparities, or the fact that this nation is self-sufficient or all the other factors that leave us angry at our captive status. We rejoice in price reductions, even if they don’t mean much in the budget.

Today, gas is down to 1.02$/litre, which is the “best” it has been in the last six months. As a colleague replied. “That is not a good price. It is still much too high”.

We spent our vacation in motorist mode, and my early calculations show that our largest single expense was gasoline; over $500 spent to haul three people, a dog and too much baggage from here to there and back again. It was less expensive than air fare or train fare (which wouldn’t have gone there, anyhow). The fuel surcharge on our single ferry ride was a wet finger in the ear.

Now, I’m back to city transit, where I am shielded somewhat from the fluctuations.

This entry was posted on Friday, September 1st, 2006 at 22:11 and is filed under economy. You can follow any responses to this entry through the RSS 2.0 feed. | 244 words. Both comments and pings are currently closed.

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