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Thursday, May 31, 2007

Gas Prices Are Almost Acceptable In Southwestern Ontario




With all the discussion of rising gas prices I thought it was time to share where they stand in SW Ontario. Just like in the USA, Canadian prices vary from area-to-area and province–to-province. These pictures I took today (30 May) relate present rates in London. (Local Shell and Petro Canada were at 1.049). Considering that a year ago, the per litre price was approximately 89.9 per litre, they are not too bad right now.

The Canadian dollar is also on the rise – the first time at this level in well over 3-decades. Although that does not make it as economical as it used to be for a cross border visit into Canada, we Canadian snowbirds are ecstatic to see our expenses will not be through the roof this winter. Many of us RVers are purchasing a supply of US cash to stretch expenses for travels from October to March. Who knows when the trend could switch directions one more time. For convenience I have added the formula to convert Cdn$ prices to US$.

Exchange rates are sitting between $.92- $.93 cents per dollar (and rising) due to the strong Canadian dollar. When converting with credit cards and/or at ATM’s, charges may be a penny or two different.

The formula to convert
“Cdn$ X 3.78 (ltr in US gal) X 2-digit rate of exchange = US$”.
Sample prices as of end of May...

87 Octane unleaded ranges from $103.5 to $1.04.5;
89 Octane unleaded ranges from $109.5 to $1.10.5;
91 Octane unleaded ranges from $114.5 to $1.15.5.
Diesel a Fly J in London $ 83.7 ($2.94 US$)
Propane at Fly J in London $ 59.9 ($2.10 US$)

Conversion Example
$1.035 X 3.78 = $3.91 Cdn$ X $.93 = $3.63 US$
$1.035 X 3.78 = $3.91 Cdn$ X $.92 = $3.60 US$

Happy travels Peggi

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