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To: Ed Ajootian who wrote (142718)12/18/2010 8:31:21 AM
From: kingfisher  Respond to of 206184
 
Ed in Regards to Canadian gasoline prices, Sudbury Ont gas selling for $1.14 with some stations having run out of gas.
Windsor Ont accross the river from Detroit $1.08.
Sudbury's economy is doing well with Vale planning on spending $3.5 billion dollars in this area.
Rich in nickel,copper,precious metals the area is not feeling any economic pain.



To: Ed Ajootian who wrote (142718)12/18/2010 8:45:09 AM
From: Dale Baker  Respond to of 206184
 
I say the same thing to my missus whenever she complains about gas going up (since she commutes and I don't). I should offer to pay her whole fuel tab from energy stock profits.



To: Ed Ajootian who wrote (142718)12/18/2010 5:58:25 PM
From: Cogito Ergo Sum  Read Replies (2) | Respond to of 206184
 
1.109 / litre Saturday the 18th in Toronto... Quebec (Montreal) usually a little higher but if you were to go to areas like Mont Tremblant north of Montreal... noticeably cheaper... (seems counter intuitive considering transport and food is noticeably pricier up there)

We are really really gouged in the big urban areas.. and it adds a lot to government revenues between the federal and provincial portions of the HST in Ontario and Quebec.. (not the only taxes) Ontario and BC recently 'Harmonized' with Ottawa,, so gasoline jumped .08/litre on that alone in Ontario...



To: Ed Ajootian who wrote (142718)12/18/2010 8:26:06 PM
From: kormac  Read Replies (1) | Respond to of 206184
 
Economic studies suggest that short term price elasticity is 6 percent. Double the price and demand drops by 6 percent. But the entire subject does not seem to have gotten sufficient attention and only few studies exit. Thus we do not know if this is in fact closely true. In the USA there are not many alternatives to private car (car pooling), so the price elasticity is quite low.