So in 2014, depending on exact month, oil was over $100 barrel, gas around $1.30. Now oil at $63 barrel gas is $1.71???
I realize 'some' inflation in last 5 years but all the 'reasons' of maintenance shut downs etc don't weigh out. Call it what it is, an industry taking supply and demand to the limits as they'll just raise until people actually start to reduce their consumption.
The difference between 2014 and 2019 is the value of the cdn dollar. In 2014 we were at par, or higher than the US buck. Today we are in the middle 70 cent range?
The difference between 2014 and 2019 is the value of the cdn dollar. In 2014 we were at par, or higher than the US buck. Today we are in the middle 70 cent range?
Oil is priced in USD/barrel.
That isn't all of it, but it is some of it.
The exchange difference is about 20-25 cents in 2014, it was way longer than 2014 that the Cdn dollar was even or above the US. Probably 10 cents more tax since 2014, then some gouging always in play. Maybe cars will start selling again.
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63 Parisienne sport coupe (The Big GTO), black, maroon interior, 409 4 speed; former owner of a 59 El Camino, 63 Corvette SWC, 62 Chev Bel Air SC. 1963- Pontiac top selling car in Canada
Mahone Bay, NS Still not old enough to need an automatic
