1.40L for gas

[CPCFTW]

Bonam and TimG, those are costly call options, or expensive furniture.

----

I have a friend who buys his call options differently. He rents a car for the weekend, or takes a taxi. As he says, he gets to try all the models.

(BTW, he didn't like the Smart Car.)

Sometimes call options are worth the price.

WTF are you talking about? Do you even know what a call option is? How is buying a car a call option? Because you have the right to use it? What kind of asinine argument is that? Any product you use is a call option by your definition. My Mach III razor is a call option. My friend buys his shaving call options differently, he just goes to a barber and gets shaved!

[jacee]

The big threat from the conservatives here was that if the NDP got into power the price of gas would skyrocket.

Really?

I'm watching Jim Flarety right now on the CBC and essentially he is saying that you better get use to it.

I guess the GST cut on the gas only helped the big oil companies pad their profits,which I am sure are handing out big bonuses to their CEO's for a job well done in increasing profits on the backs of us and our economic recovery.

WWWTT

Agreed.

$1.4b in taxpayer subsidies to pay exorbitant CEO salaries. That's about $36 from my pocket to theirs. Like the fat cats need me to buy them a case of beer a year!!

Hey rich oilman!

I want my 2-4 back! :-)

[WWWTT]

A point that needs to be made that doesn't fit in to the subject of "who" or "what" is causing gas prices to spike higher than world oil prices would justify, is that this crap is going to run out eventually, and the sooner the better! Present day North American culture has been built around the concept of everyone owning a car and governments building lots of roads and highways to accommodate them. Well, what if we've reached the end of the automobile age? The trends that were established after WWII of people moving further and further away from where they work, will halt, and more and more people will have to move closer to where they work be able to shop and do things without having to drive to them...just like it was in the old days. I haven't seen the numbers, but I heard a point mentioned on U.S. public radio last week that America's car ownership peaked in 2004 and has been dropping since. This could be due to a number of factors, economic stagnation of middle and working classes, rising gas prices, rising insurance costs etc....the net effect is that our energy use is going to fall over the coming years whether we like the idea or not!

I disagree with you on two points.

Our love affair with the auto may have lost its bloom for the moment but I believe that when an efficient and inexpensive all-electric vehicle hits the market(hopefully solar powered)we are going to fall in mad passionate love with the car all over again!

And the other point would have to be that people are moving further away from their work and essential neccessaties.I agree that this was clearly the case about 10 yrs ago in southern On.But recently there has bein a phenomonal boom in condo activity expecially in the downtown cores of all the GTA.And the main reason is the commute time, commute cost and housing cost.

New home starts in the GTA or Ontario(GTA for sure) 53% consist of condos.Compared to around 25% 10 yrs ago!This is a tremendous change in personal life style occuring.

WWWTT

[Handsome Rob]

That might be true somewhere, averaged over all kinds of ridiculous gas-guzzling vehicles and low American insurance rates, but it certainly isn't true for me. The biggest expense is the cost of the car itself ($350 per month), the second biggest expense is insurance (in Vancouver, I paid $250/month). That's $600 per month whether or not I drove the car at all. Replacing a door due to a scratch someone caused in it in a parking lot cost $3000, that's more than I've spent on fuel in the whole time I've owned a car. My fuel expenses are about $60 per month, about one tenth of monthly payments + insurance. Fuel could triple in price and it would still remain a lower cost than car insurance.

I honestly don't understand why people always moan about the costs of heating their house, using electricity, or filling their car. These things are all super cheap. Less than $100 per month for me for all those three combined. Maybe people need to learn to be less wasteful and stop driving 50 ton main battle tanks as their daily commute vehicle?

That's a hefty premium. I certainly hope you didn't buy comprehensive & collision from I Can't Believe the Cost directly?

I pay $100/month in insurance, $120/month in fuel, and an average of about $50/month in maintenance. Lot's of road trips on that though, my commute is about 2 Km.

[Handsome Rob]

As for why people moan... the costs of these things are increasing faster than their wages. And these costs are a way bigger part of most people's budgets then you think.

But after they finish filling up for $1.35/litre and subsequent moaning, they walk into the convenience store happy as can be to buy a bottle of evian spelled backward for $4.50/litre.

[RNG]

That's a hefty premium. I certainly hope you didn't buy comprehensive & collision from I Can't Believe the Cost directly.

Welcome to the People's Republic of British Columbistan.

[Handsome Rob]

Welcome to the People's Republic of British Columbistan.

Bring

Cash

[Bonam]

That's a hefty premium. I certainly hope you didn't buy comprehensive & collision from I Can't Believe the Cost directly?

I pay $100/month in insurance, $120/month in fuel, and an average of about $50/month in maintenance. Lot's of road trips on that though, my commute is about 2 Km.

Well, now I live in the US and my insurance premium is about 1/3 of what it was in BC, thankfully.