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Gas prices hit record high in Ontario

With gas prices constantly rising province
of Ontario has finally surpassed $1.00 per
litre this weekend. Places like Thunder Bay
averaging $1.10 per litre, Toronto at around
$1.05 per litre might not bad that bad if you
compare it with the rest of the world
(see chart below). Note that United Kingdom
has already been averaging $1.50/L for quite
some time now (same for Denmark, Belgium,
Germany, Norway and Netherlands already
at $1.70/L).

So where (or when) will this end? Analysts
say that it is supposed to "level off" or even
drop by the end of the summer (highly unlikable).
With our Government getting their 39 % of
the gas pie why would anyone even think of
slowing down the gas price hike. Bottom line
is that the more we pay - more cash flows
to our government.

And for those who drive for a living, higher
gas prices mean less income for them and
their families. Taxi drivers and truck drivers
will have to pay a lot more to keep their
vehicles rolling.

What can we do for the time being? Rethink
our daily driving, lower usage of our cars and
start thinking of using public transportation.
Small 4 cylinder cars and hybrids are getting
way more popular than big, gas juggling
SUVs (I would not like to be filling up an
80 litre tank at this moment).

Petro-Canada gas station - gas prices hit record highs in Ontario
Petro Canada gas station
Toronto, Ontario
Aug. 15, 2005

 

Sunoco gas station - gas prices rise yet another .20 cents per litre over night!
Sunoco Gas Station
Toronto, Ontario
September 2, 2005

Our predictions are that prices will eventually
level off, probably by next year with prices
at around $1.30 - $1.40 per litre. So let's all
enjoy these "high prices" while they're at $1.00
per litre, it just doesn't look like we will be
going back to paying .60 - .70 cents per litre
any time soon (if ever), or we could all move
to Venezuela (currently at .03 cents per litre).



Gas prices from around the world
Prices are in Canadian Dollars per 1 litre

Andorra $1.97 Netherlands $2.25
Belgium $2.07 Nicaragua $0.69
Brazil $0.83 Nigeria $0.10
Bulgaria $0.93 Norway $2.11
Croatia $1.27 Panama $0.58
Cuba $0.80 Portugal $2.01
Czech Republic $2.05 Puerto Rico $0.46
Denmark $2.15 Romania $1.08
Egypt $0.17 Russia $0.89
Estonia $0.96 Saudi Arabia $0.24
France $1.47 South Africa $0.69
Germany $1.47 Spain $1.87
Hungary $2.17 Sweden $2.36
Ireland $2.24 Switzerland $2.46
Italy $2.32 Taiwan $0.75
Japan $2.36 United Kingdom $2.24
Kuwait $0.21 Venezuela $0.03
Lebanon $0.70 Luxembourg $1.87

*Last updated May, 2008

 

Poland Gas price

Czech Republic gas price
Canada's highest gas price of 2008

Poland
(recorded in May 2008) $4.59 Polish Zloty = $2.10 litre CDN

Czech Republic (recorded in May 2008) $33.30 Czech Koruna = $2.05 litre CDN

Canada's highest gas price of the 2008 in Ontario (recorded on June 07, 2008) $1.358 litre CDN

Lima, Peru

Lima Peru
(recorded in Jan. 2008) $10.65 Peruvian Sol = $3.64/gallon CDN

London England
(recorded in Aug. 2008) $1.13 British Pounds = $2.19 litreCDN

If you have a photo of a gas station in your country please upload it here.


 Comments:
  From: Cdnauto (8/30/2005 3:48:50 PM)
  Comment: Prices have increased yet again overnight on Aug. 30, 2005 making new record high averaging $1.20 per litre in Ontario.
     
  From: Cdnauto (10/10/2005 2:29:04 PM)
  Comment: Prices are averaging anywhere between .95 cents to $1 per litre. Will they stay like this?
     
  From: pubby (5/21/2008 8:12:26 PM)
  Comment: Why are Canadians paying the same price for gas as countries that have NO oil and a lot more than countries like Venezuela that has far LESS oil than we have. It is time for the government to put a cap on gas prices, when gas hits a set price ALL OIL EXPORTS STOP until the price falls again If the price does not fall then we never export since it is obvious that we only have enough oil for domestic consumption.
     
  From: J@gged (5/23/2008 1:10:17 AM)
  Comment: Yes why do Canadians pay like other countries that have NO oil??? Can someone plz tell us why?
     
  From: aansari (5/29/2008 7:28:45 PM)
  Comment: "Chinese drivers have been largely protected from rising world oil prices because of government price caps. " from bbc.co.uk?
     
  From: Art (6/2/2008 12:50:55 PM)
  Comment: How come a "poor' country like Venzuela is only paying $.11 a gallon??? Why a "rich" country like the US is paying $4.30 per gallon? It doesn't make sense...
     
  From: Gromit (6/3/2008 10:25:33 PM)
  Comment: What is the price in India and China?
     
  From: Clint (6/8/2008 11:15:41 PM)
  Comment: Because Venezuela is the worlds 2nd largest producer of oil
     
  From: Gary (6/9/2008 12:45:17 PM)
  Comment: I think some countries protect their people and not the oil traders pocket books.
     
  From: mitch (6/9/2008 7:15:57 PM)
  Comment: its probably because Venezuela produces four times what they use. As far as Canada producing far more oil Canada produces about 300,000 bpd more and uses 1.7 million bpd more than Venezuela. Finally China pays twice as much as the U.S. and Canada.
     
  From: Ganther (6/12/2008 1:30:35 PM)
  Comment: Art, it's simple, Venezuela (not that poor of a country) has lots of oil instead of taxing the Citizens they subsidize the gas prices which lowers how much they pay at the pump. Where as the US and Canada tax the fuel we buy causing it to go up higher than the so called poor countries or countries with out oil (US being one with very little oil now). It would not be so bad if it was a fixed rate per gallon or liter but it is a percentage (Greedy Governments), which means when the gas prices go up so does the amount of taxes you pay at the pump. Eq $1/gallon at a 30% tax you pay $1.30 per gallon if price goes up to $2/gallon you would pay $
     
  From: Islander (6/15/2008 11:46:04 AM)
  Comment: It is not fair to compare prices in Europe with those in North America. In Europe they have efficient and frequent local and inter-city transit. In North America a car is Not a luxury it is a necessity.
     
  From: theArt (6/16/2008 11:07:29 AM)
  Comment: To add price for 1 liter of regular gas in Mexico is $0.65c
     
  From: marilyn michelle (6/23/2008 8:32:45 AM)
  Comment: If we all would stand together, mark a day where no one bought gas , it just may show we’re fed up, no more over priced gas lets me stop the greed that's all it is , greed I shell out 140.00 a week in gas to get to and from work, we need to come together as a nation and shoe the government were fed the hell up with high gas prices.
     
  From: jrc (9/17/2008 8:30:21 PM)
  Comment: America is not rich anymore...in debt bad too
     
  From: Bruce M (9/28/2008 9:41:40 PM)
  Comment: Governments want our tax dollars and use the excuse that they are trying to cut down on gas consumption to reduce pollution, sure but how about those other countries who don't care (Venezuela, Saudi Arabia, Nigeria, etc) are they cutting back? No way. So who do YOU believe?
     
  From: doug (10/4/2008 12:42:34 PM)
  Comment: Canada produces 3.31 million barrels a day and uses 2.29 million barrels a day. Venezuela produces 2.398 million barrels a day and uses 599,000 barrels a day. Simple supply and demand, that’s why gas in Venezuela is 3 cents a liter and gas in Canada at 1.27 a liter.
     
  From: Doug W (10/20/2008 7:28:44 PM)
  Comment: Oil companies say its the governments high taxes...government blames the oil regimes for high profit margins. Makes NO difference...they’re in bed together and we (consumer) are the dog at the foot of the bed
     
  From: jd (12/9/2008 10:55:21 PM)
  Comment: gas is 68.9 cents i Edmonton Alberta today... i am not complaining... thanks US economy
     
  From: Ken (2/3/2010 12:03:44 PM)
  Comment: Suggestions like not buying gas on one particular day make no sense. Everyone will just have to fill up the day before or the day after. It will just give the big oil a day to send everyone home without pay... Instead just pick a company and never buy from them unless they lobby government to reduce taxes or set caps or regulations like reducing oil exports. If one company doesn't do it then add a second until someone listens... My two cents worth
     
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