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Family Man · 04-23-2007, 04:15 PM

The main problem with these high prices is not the oil companies, but it's the fault of US government policy.

Back in the mid 90s, I remember filling my car is SC for slightly less than $1 a gal. At that time, gas sold here anywhere between $1.40 to $1.70 US a gal ( between .50 and .60 cents a liter cdn).

The price here in Montreal today is $1.09 a litre, or about $3.70 a gallon, a little more than double from the 90s. However stories of fuel prices in the US seen to idicate that Americans are paying almost triple what it cost...

Main culprit? I'm no econimist, but I think a large reason is due to the depreciating US dollar. In the mid 90s, it cost the Americans 73 cents to buy one canadian dollar. Today, it now costs almost 90 cents. Not only do american have to deal with the higher price of crude, but the exchange rates must also be factored in.

Unfortunately, I do not see any positive signs from the US economy that will stop the drop in value; slowing economy, default mortages, higher consumer and government debt will continue to push the dollar down.

04-23-2007, 04:15 PM	#44 (permalink)
Family Man 4.6 Liter Northstar V8 Join Date: Oct 2004 Location: Montreal, Quebec Posts: 1,516	Re: $4.00 Gas A Reality The main problem with these high prices is not the oil companies, but it's the fault of US government policy. Back in the mid 90s, I remember filling my car is SC for slightly less than $1 a gal. At that time, gas sold here anywhere between $1.40 to $1.70 US a gal ( between .50 and .60 cents a liter cdn). The price here in Montreal today is $1.09 a litre, or about $3.70 a gallon, a little more than double from the 90s. However stories of fuel prices in the US seen to idicate that Americans are paying almost triple what it cost... Main culprit? I'm no econimist, but I think a large reason is due to the depreciating US dollar. In the mid 90s, it cost the Americans 73 cents to buy one canadian dollar. Today, it now costs almost 90 cents. Not only do american have to deal with the higher price of crude, but the exchange rates must also be factored in. Unfortunately, I do not see any positive signs from the US economy that will stop the drop in value; slowing economy, default mortages, higher consumer and government debt will continue to push the dollar down.