cutting a roof off a four door is NOT a convertible.....
65 Parisienne convertible.one of 49 built for RHD export market,402BBC, T400, 2500 stally, posi rear, upgraded brakes with front discs, FUEL FAST efi custom built by me.
Finally down to 99.9p per litre in London, England but only at the big supermarket sites. That's about CAN$2.07 at today's exchange rate. The avgas I use at work is still CAN$3.54.......
The BMO study they reference downplays the difference - attributing much of it to the sinking loonie (crude oil is sold in US dollars per barrel).
I was working on a very similar graph myself (see below) and incorporated the exchange rate into price of oil. If you look at the spread between the two lines, it is an indication of the mark-up refiners are charging. From 2011 to present, there is a lot of volatility. But if you look at 2015, I think it is pretty clear that the mark-up for refiners is way above historic values.
I was recently in Houston. Gas prices were as low as USD 1.65/US gallon. Adjusting for exchange rates and converting to metric, this translates to less than CAD $0.60/litre...
Even with the taxes on gas in BC, I think we're getting gouged. Thousands of people are unemployed due to low oil prices. Governments are losing money hand over fist due to the drop in oil prices. (By 'governments', I mean Alberta, Saskatchewan and NL, but also the Government of Canada - as I suspect Justin Trudeau is discovering how much money (directly and indirectly) the oil industry put into the collection plate).
So with all the downside, we should at least be seeing some relief on the price of fuel. A big factor when I hear continually how we should expect our food prices to escalate. Lower oil prices (and natural gas), farming costs should be down. Fertilizers are derived from natural gas. Tractors should be cheaper to operate. Transportation costs should be substantially less, but many companies are still tacking on Fuel Surcharge Fees.
The low fuel prices and weak Canadian dollar should also be stimulating the manufacturing sector much more than it is.
I think the government needs to crack down on the gouging (by refiners, transportation companies, food producers etc) and get things back in line. I don't begrudge companies making a profit. We'd be in sad shape if they didn't. But all this looks like some people are making absurd profits at our expense.
If this is how the Liberals plan on addressing Climate Change, I think they need to re-think their plan. Wake up Justin.