Expensive Gas this Summer in Canada

Not surprisingly we are already being warned that gasoline prices may start to jump this summer (again), which is a little late, given gasoline is now above $1.30 in Ottawa, and does not look to be dropping any time soon.

With this in mind, this may mean a continued increase in Inflation. The arithmetic is quite simple:

  • Shipping prices will need to increase which means an across the board price increase
  • Food prices will increase as it will cost farmers more to plant and harvest
  • etc., etc., etc.,

This is really nothing new, but will it drive more folks to use their cars less? I don’t think so, the price of Gasoline seems to be fairly Inelastic (to bandy about an actual term from Economics), in that a continuing increase in price does not seem to decrease the usage of the product (much like cigarette prices sky rocketing hasn’t stopped smokers from smoking).

How will I fight this? I will continue to use the bus, for the forseeable future, and I will continue to buy my Gas at Costco, as well. There are plenty of interesting ways to try to save gasoline as well, which I have discussed here and there are other places where you can get gas saving tips as well, but my question good reader is are there interesting ways to save gas that you don’t hear folks talking about?

No, I don’t want to hear about how you are siphoning gas from  your neighbour’s car, or the like, but what about other ways?

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  • Jeremy @ Modest Money April 6, 2012, 4:40 PM

    At least you are not in BC. We’ve been above $1.40 for a while now. I guess our provincial government sneaks in more taxes on it. The least you can do to save is to use a good cash back credit card to get at least a 1 percentage or 2 rebated.

    Reply

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