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 Post subject: Petro by the liter, eh
PostPosted: Sat Feb 15, 2003 7:48 pm 
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Joined: Tue Aug 06, 2002 12:01 am
Posts: 138
Canadian folk, or those more in tune with the study of number than I, Jim Fox has his wonderful little Canadian report. In this report he writes:<p>Gasoline prices in some Canadian cities could reach $1 a liter ($3.89 a U.S. gallon) this winter. Analysts say this is because of the situation in Iraq, an oil worker strike in Venezuela, low inventories and a bitterly cold winter. Gas prices now average 80 cents a liter ($3.12 a U.S. gallon), with Moncton and Bathurst, New Brunswick, the highest at 89.9 cents a liter ($3.50 a gallon) for regular gasoline.<p>But the conversions don't seem to work out to me. There are 3.8 liters per gallon. So a gallon, at a looney a liter, should go for 3.80 Canadian ($2.50 U.S.). At 80 cents a liter it should be $3.04 a gallon ($2 U.S.). At 89.9 a liter it should be $3.42 Canadian ($2.25 U.S.). <p>Is there a tax not accounted for here (I don't know if GST applies to gas or how much it is right now)?<p>Expedient help appreciated.


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 Post subject: Re: Petro by the liter, eh
PostPosted: Sun Feb 16, 2003 5:10 am 
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Joined: Fri May 31, 2002 12:01 am
Posts: 87
Location: Calgary, Canada
I just ran the numbers through a spreadsheet so that I could see all the variables at the same time. You're right, the conversion is incorrect.<p>The prices per US gallon appear to be listed in Canadian dollars. Based on the current exchange rate of USD$0.656858/CAD from <a href="http://www.xe.com">www.xe.com</a>, and using 3.78541 l/gal, at CAD$0.899/L, I get CAD$3.403/gal. I can't explain why there is a difference of CAD$0.10/gal, or why anyone would price US gallons of gasoline in Canadian dollars.<p>All taxes are included in Canadian gasoline "pump prices." Also, we, like, don't say "petro," eh. Hoser.<p>[ February 16, 2003: Message edited by: Dyslexic ]</p>


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 Post subject: Re: Petro by the liter, eh
PostPosted: Sun Feb 16, 2003 1:41 pm 
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Joined: Tue Aug 06, 2002 12:01 am
Posts: 138
<blockquote><font size="1" face="TImes, TimesNR, serif">quote:</font><hr>Originally posted by Dyslexic:
Also, we, like, don't say "petro," eh. Hoser.<p>[/QB]<hr></blockquote><p>
Yeah, I know. I just didn't feel like saying gas or gasoline. Thanks for running the conversions again. I'll have to keep a sharp eye on Jim's math in the future.<p>[ February 16, 2003: Message edited by: 4Jfan ]</p>


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