Archive for August 14th, 2008
Speaking of the price of oil….
14 August 2008When a barrel of Oil was trading at US$140, basic unleaded self-serve gasoline was going for about $1.309/litre at my local Shell station. Yesterday morning, with Oil at US$113, it was selling for $1.259.
A 19.3% drop in the price of Oil generates a 3.8% dip in the retail price of gas. As we [...]