Heating Oil and Gas Prices

Thanks to the problems now going on in Libya, the UN-rest, and possible Government downfall, all North Americans are going to either have to tighten their belts as far as driving their cars, or maybe even give up driving completely. Since I’m Canadian, I’ll lay out what our Government and Oil analysts are predicting. Most people know Canada is on the metric system so, we don’t get a full gallon of anything, and for that matter neither do Americans  who are on the Imperial system of measurement. Under Canadian measurement it takes 4.5 liters to make a full gallon. Predictions in the past week or so, have Canadians paying as much as $1.50 a liter this coming summer, with no one having any idea when the prices might drop. Today, February 25,2011 the price of a liter of gasoline is $1.22 times 4.5 because it takes that amount of liters to make a gallon of gas, and the price today is if equated to gallons our approx cost will be $ 4.88 gallon. The sad part about this is when oil prices soar so does everything else. Our food costs will soar, the cost of renting apartments will go up especially if heat and light are included. People will find themselves out of work, and companies like General Motors are about to take another dive, because not too many people will be able to afford to drive the gas guzzlers that are on the market today.

Most of our vegetables are trucked in, or inter Province trading may come to an end, because as Oil prices soar, so does Diesel fuel, and trucks get lousy mileage. Everyone will suffer for this, and who knows, car pooling may well become the in thing once again. Everything manufactured with oil as a base will rise in cost and that includes a lot of things, too many to mention here, but hang on to your hat, life as you knew it a week ago, is about to change for the worse.

Retired people, and people on low incomes will as usual be effected by the rise in Gasoline prices more than anyone else. Its really sad that we’ve allowed ourselves to become so dependant on oil. One has to ask what ever happened to the farmer in Canada who devised a way for cars to run off Corn Oil? Probably he was bought out by either the car companies, or the Oil companies. Either way, we are going to pay a lot more to live, from now on.

Paul Faulkenham February 25,2011