Economics 101- why is gas price up in Canada?


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Vandematram   
Member since: Nov 08
Posts: 1448
Location: Sunny - Leone

Post ID: #PID Posted on: 15-10-10 17:30:09

CAD is on parity with USD.

USD is used to trade oil.

CAD is up but Gas price in the pump is also up.

What is the missing link?.

Is the USD devaluing and bottoming down?.

Who knows Obama will ensure the demise the US empire before 2012.


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Sunny Leone a true Canadian DESI now back in India !.


pratickm   
Member since: Feb 04
Posts: 2831
Location: Toronto

Post ID: #PID Posted on: 15-10-10 17:46:23

Many factors:
#1: Taxes
#2: Lower demand
#3: Corruption in govt. at both federal and provincial levels
#4: Willingness of people to put up with this rip off

Perhaps #4 should be #1.


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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"


chekram_04   
Member since: Nov 06
Posts: 427
Location: Mississauga

Post ID: #PID Posted on: 15-10-10 19:22:44

The irony is that the Gas which is produced in Alberta for which Canadian has to pay more while Americans pay less.
We are paying high prices to pay for the comfort of refugees, seniors and politicians.



pratickm   
Member since: Feb 04
Posts: 2831
Location: Toronto

Post ID: #PID Posted on: 15-10-10 19:28:20

Quote:
Originally posted by chekram_04
The irony is that the Gas which is produced in Alberta for which Canadian has to pay more while Americans pay less.

Same is true for Canadian beer, wine and possibly other things.
Heck, you might even get Canadian Maple Syrup cheaper south of the border.


-----------------------------------------------------------------
"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"




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