My 2-Bits: Up until a year ago, Vancouver’s gas price and crude oil tracked pretty closely … check where it’s at now. Something’s gotta give: either the pump price is going up or the barrel price is going down. (My gut says the former. Does anything go down these days?)
P.S. The six-year chart looks even worse: $3.00/liter+ 
Well considering we spend anywhere from $1.50 to $2 a litre for water…we’re actually paying more for water than gas right now. No one seems to be complaining there. Then again, we’re not using it to fill a 70L tank.
At the very least, I hope these rising gas prices will start veering people in the right direction of cleaner alternatives that work in better harmony with the earth. In the short-term…its lookin’ pretty brutal.
Comment by mandycat1980 — June 16, 2008 @ 1:30 pm
Your graph is missing an important factor that would adjust the oil price rather significantly: USD vs CAD. Our dollar has done from about $0.66 CAD/USD around late 2006 (when the two lines track closely) to being roughly equal for the past six months or so. Taking into account that it is worth about 50% more than it was two years ago and applying that to your $2.25 figure, we get… $1.50 per liter, which is pretty much exactly where we are at now.
Don’t get me wrong, gas prices are going to keep going up, but it’s not quite as bad as it seems.
Comment by Andrew Martens — June 17, 2008 @ 5:14 pm