U.S.-Canada Gas Prices – Call It Even
May 08, 2007

Typically, on my Michigan-to-New York drives through Canada, I top off the tank just before I cross the bridge to Ontario and immediately after hitting the New York State line to avoid the always-high price of petrol in Canada.

But, this time, it was unavoidable. I would have to fill up the gas tank in Canada.

And this week, it didn’t matter much. The skyrocketing price of gas in the U.S. has nearly caught up with that of Canada. On the day I left Michigan, gas had set a new all-time state record, averaging $3.18 a gallon, surpassing the previous all-time high of $3.12 on August 7, 2006.

Nationwide, gasoline is edging near a new record as well. This week, it is averaging $3.03 a gallon, just three cents shy of the all-time record. Experts are saying $4 a gallon is not out of the question.

OK so my arithmetic is a little loose here but so be it. My fill-up in Michigan cost about $45 (U.S.). My fill-up in Canada cost about $50 (Canadian). In another sign of the economic times, the Canadian dollar is only slightly discounted against the U.S. dollar.

So call it even.

Posted by Michelle Krebs at 5:58 AM under Commentary | Comments (0) | digg this | Seed Newsvine