Gas prices are up from last year, yet our consumption of Gas is also up, guess my statement that Gas demand is completely inelastic (i.e. price increases do not affect demand at all).
|Sales of refined petroleum products|
|May 2006r||May 2007p||May 2006 to May 2007|
|thousands of cubic metres||% change|
|Total, all products||8,230.2||8,973.5||9.0|
|Diesel fuel oil||2,268.0||2,405.8||6.1|
|Light fuel oil||224.9||273.0||21.4|
|Heavy fuel oil||430.1||614.0||42.7|
|Aviation turbo fuels||592.6||589.1||-0.6|
|All other refined products||814.5||974.8||19.7|
On this day where we are supposed to be thinking about the environment it suggests Canadian demand for fossil fuels is not dropping.