Re: Obamanation here today
I am paying a dollar more per gallon compared to the same time last year.I think you mean the cdn dollar has risen 93.5 to todays value of 96.7 cents to the US in a month.
Meaning last month 1 US dollar bought 1.07 cdn dollars.
Now, it just buys $1.03 cdn dollars.
But, this is nothing, wait until Spring (before summer vacation). Oil at $100 - $120 again, when demand is bigger.
Yes, speculation does play a role on wall street.
But so does China and India, with more people driving cars each and every day.
I don't mind it though. For us, higher oil prices is a huge winfall.
The few cents extra to pay at the pump is well worth it for us.