Thursday, September 11, 2008

China Moment

Was just filling up at a gas station in Canada with quite the line up. Apparently gas prices are going up 13 cents a litre tomorrow (which works out to being just over 10% with gas prices at 1.205/litre) which just goes to show how inefficient gas markets are... not that I'm complaining - particularly if gas prices do actually rise that much tomorrow (of course, not sure saving myself 2 bucks was actually worth it though it was something I had to do anyway).

While the news article complains about speculators, I suppose that's what you get when you don't allow new refineries to be built and most of the old ones are all in hurricane friendly regions.

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