Happy New Year to you!
Just in case you have not travelled over the past week or so, gasoline prices in the GTA are now hovering around $1.04.5 per litre. For those that can't be bothered to do the math, that's about $4.74 per Canadian gallon, almost 5 bucks per gallon! Or, this works out to $3.96/ US gallon. If this were the price in the US people would revolt down there. But not up here in sunny Canada, we just take it. Now that the CDN$ and US$ are about par, the price per gallon is about the same in CDN or US dollars
I heard another disturbing report today about oil prices. The pundits are now telling us that $100 per barrel oil price range is here to stay. This is due to supply and demand and market forces, inflation and just plain and simple, that's the price of a barrel of oil, so you better get used to it.
Can't wait to go and fill up my boat this summer at the dock pump, probably about $1.39 per litre or so. I know, if you can afford the price of a boat then you can afford the fuel. That's another crock. Our boat was only about $10k, the price of a used used car, (yes used used, because a used car these days is about $15k) At any rate, I think I get about 2 km per litre on the boat, not bad considering my Trailblazer gets about 6.1 km per litre and it's on wheels and coasting.
Again, a quick survey shows that prices are nearly identical across the GTA from Ajax to Mississauga and even into St. Catharines and Fort Erie, I know because we travelled on Christmas Day and Boxing Day and the prices were all within 1/2 cent. No price fixing, just market forces. Sure.
Will we ever see 80 cents/litre again, or even 90 cents/litre, not in the foreseeable future.
I wish you all the best of success in 2008!
For more information please contact A. Mark Argentino
A. Mark Argentino Associate Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1