Canada: Rita fuels surge in gas prices (US$7.26/gal)

[Newsjock]

http://www.theglobeandmail.com/servlet/story/RTGAM.20050923.wxgas-prices23/BNStory/National

A wave of panic buying drained gas stations across Eastern Canada yesterday as motorists scrambled to fill up their tanks, driven by the fear of another hurricane-induced price spike.

From Windsor in Southwestern Ontario to Halifax, a relic of the 1970s energy crisis suddenly reappeared: A lineup at the gas pump.

A handful of retailers fuelled the frenzy by jacking up pump prices to unprecedented levels, as high as $2.24 a litre in Stratford, Ont. But many kept prices steady, and then watched as drivers buying up comparatively cheap fuel bled their tanks dry.

... In suburban Montreal, drivers were paying as much as $1.95.

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At current exchange rates: $2.24/liter = $7.26/U.S. gal (approx.)

[Kelvin Mace]

1. Actually, it's worse

4.3 litres to the gallon, so $2.24 CAD x 4.3 = $9.63 CAD, which is $8.21 USD.

[lakeguy]

2. 3.78 liters in a gallon.

[Kelvin Mace]

3. Sorry

I misread dry versus fluid gallon.

That would make gas $7.22 a gallon.

[whirlygigspin]

4. Canada uses Imperial gallon

1 Imperial gallon = 4.54609188 liters
A US fluid gallon is 128 fl oz and an Imperial gallon is 160 fl oz