On Thursday, March 5, 2015 at 5:22:13 AM UTC-8, Wayne. B wrote:
On Thu, 5 Mar 2015 05:08:45 -0800 (PST), True North
wrote:

Here gas is $1.08 per liter and diesel around $1.30. Tomorrow that will most likely change as our sister province next door just raised their prices today.
At one time they used to claim our prices were based on some imaginary New York price. Saw in the news a week or so ago that now it's a more expensive European 'Bent' price our government regulators use.
I think the government regulators and oil companies go around to find the most expensive crude in the world to base their calculations on.

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Gas and diesel in Europe were both over $2/liter the last time I was
there.

And have been for years. As you know Wayne, the highly socialist governments of Europe love their high taxes. Their fuel has a high tax. In many places bicycle sales are at an all time high, and causing traffic congestion.

On Thu, 5 Mar 2015 05:47:17 -0800 (PST), Tim
wrote:

Gas and diesel in Europe were both over $2/liter the last time I was
there.

And have been for years. As you know Wayne, the highly socialist governments of Europe love their high taxes. Their fuel has a high tax. In many places bicycle sales are at an all time high, and causing traffic congestion.

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That's all true of course. In fairness however the western European
countries have almost no petro resources of their own except for
Norway which has some offshore production. Virtually all of it has to
be imported which is a huge balance of payments issue for their
economies. They have used high taxes as a means to limit fuel use as
well as to raise revenue. Bicycles are actually pretty good
transportation in densely populated cities, at least in good weather.