Stop freak out with the price of gasoline

Mount Charles-André Leroux

Germain Goyer

Friday, 1 September 2017, 14:07

UPDATE
Friday, 1 September 2017, 14:07

Look at this article

Since a few hours, the social networks are ablaze over the jump in the price of gasoline. All the world is angry, but for what? For not much really.

The current environment encourages the oil companies to not make a gift to person: the hurricane Harvey and the long weekend of Labour day. It is a stupid question of supply and demand. You remember from your economics courses? In their place, wouldn’t you like that?

And anyway, how much you really cost of this increase? Is it really worth that all the world rides on his high horse?

We are going to do a little calculation together. Let’s take a Honda Civic sedan, 2017. The capacity of its fuel tank is exactly 46,9 L. Let us assume that it is completely empty when you get to the pump and you are doing the full. At$1.15/L, it will cost 53,94$ to make the full. At$1.35/L, it will cost you rather 63,32. Not even 10 bucks worth of difference. It is flat, that’s for sure. But if you do not have the budget to absorb that, you have a problem.

It is also good for having a short memory. In the spring of 2014, we pay per litre of gasoline steady around$ 1.40 and it was normal. Here, the moment of the end of the week, the price goes up twenty cents and it is the madness. It is not always consistent, eh. Finally, is 1.35/L, this is not so bad.

If gasoline consumption keeps you to this point to heart, without a doubt, should you revise your criteria when purchasing a vehicle. Sales of SUVS soared and the pickups are still as popular with buyers in quebec. Ah yes, and electric cars will represent only 1% of new vehicle sales.

Speaking of this, be aware that the offer of electric and hybrid vehicles is more diverse than ever.

To read also:
Here are all of the electric cars on sale at this time.

If it is an increase in the price of the gasoline that it takes for people to be aware of the consumption of their vehicle, per litre to$ 1.35 may not be a bad thing, eventually…