v41.5: Regulated Gas Prices

Morning folks,

-slurp-

It's FRIDAY!  My work week has finally come to a close and now I have a weekend to potentially look forward to.  This week has gone by quite fast for me.  I've been quite busy at work this week so my days seem so much shorter.  It's a good feeling to be working away on something and then look at the clock and see the time jump by several hours.

Here in Nova Scotia we have regulated gas prices.  Basically, that means the price of gas is controlled by a group of people who raise (or lower) the price of gas every week based on various factors.  Last night I drove by a gas station and noticed there was quite a line up of cars waiting to get gas.  Normally I hear on the radio what the projected increase (or decrease) is going to be, but for whatever reason I didn't catch it yesterday morning.  I assumed gas was going to go up, hence the line of cars waiting at the pumps.  Normally people freak out over a couple of cents a liter.  When you consider the average car has a 40 liter tank, if the price of gas went up 2 cents a liter, you're looking at an additional 80 cents to fill up your car.  Seriously people!  Is that a good reason to wait in line to get gas?  You're probably spending that much in gas just waiting to beat the 2 cents per liter increase.

Unfortunately, the price of gas jumped 4 cents per liter here in Halifax last night, which still isn't a whole lot when you consider the 40 liter tank again.  Unfortunately, my truck has at least an 80 liter tank in it and at $1.21 per liter, I'm looking at approximately $100 to fill the thing.  Truth be told, I have no idea how big my gas tank is but I know the last time I filled it up, it took $100 easily so the tank must be a bit larger than 80 liters.  Regardless, an increase of 4 cents a liter is still a lot when you look at the overall price of gasoline in the city right now.  I haven't been following the price of oil lately, but I suspect that, combined with the conflicts over in the middle east, are the primary cause for the sudden jump.

-slurp-

Well folks, just a quick musing this morning to start off my day.  I hope everyone has a great weekend and if I get some time to post this weekend I will definitely do that.  If you live in the Halifax area, drive safely today.  There is going to be a ton of rain today and then the temperature is going to drop suddenly tonight, causing it all to freeze.  Take care.

Cheers,

Al