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You think your gas is expensive?How about $1.021/L Canadian. Thats is the price around Toronto.$1.021 * 3.8 = $3.8798/Gallon$3.8798 * 1.2 = $4.656/Gallon in US funds.OUCH
Even here in the "oil capitol of Canada" we're over .97 / litre. What's THAT about? Time to buy a scooter with good snow tires! Steve
I was thinking about a gasoline-operated spa pump so you can enjoy your tub during a power outage.The last idea I had along those lines didn't work out too well...
At a certain point, any increased costs get passed on to consumers. Prices rise. From there, depending on the severity of the price increase, demand drops, and can start a recession. So far I'd say we've (as a country- not individually)weathered out the increase in oil prices fairly well. It's been said that increases in technology allow more efficient use of oil, which explains why the economy has largely continued on relatively well despite the increased cost of oil, and related energy sources. The businesses havn't had to increase prices- yet. As we go forward, we'll see. People who make a living driving cabs and similar have got to be feeling the sting.Brewman
What's got me worried is not just the cost to fill up the tank, but how this will ripple through the entire economy. We didn't just loose 25% purchasing power at the pump, but just about everything (food, clothes, BEER) will go up accordingly due to increased shipping costs. I have a feeling by Decemeber it's going to feel like we all took a 20% pay cut. I hope I am wrong .