Looks like unleaded will be somewhere in the range of $1.20 to $1.40 a litre here in Edmonton from today. Lots of long queues at the pumps yesterday afternoon in anticipation of the rise. That translates to something like $3.74 to $4.37 US per gallon.
I’m going to be contrary and suggest that high gas prices are a good thing. In the absence of political will to move toward alternative energy sources and more efficient vehicles, the only thing that’s going to move us in that direction is market forces, and this are them. 😉
Oil is a finite resource, it leads to global climate change (including possible contribution to the strength of Katrina from warmer ocean waters and more solar energy in the system) and it’s also better to keep it for the future for plastics and other chemical syntheses than to burn it. When it gets too expensive to burn, we’ll be forced to look for alternatives.
Oh, and of course, high fuel prices also boost the Alberta economy, keep Lorne in a job, and maybe even make King Ralph run out of excuses not to fund education!